Bolloré Seeks 4 Seats on Havas' Board


BOSTON Havas today in a statement said shareholder Vincent Bolloré is seeking four seats on the holding company's board of directors.

Bolloré's move had been expected, since Havas two weeks ago asked him to clarify his stance on obtaining board representation [Adweek Online, March 13]. Havas' next shareholders meeting is scheduled for June 9.

In additon to himself, Bollore is seeking seats for three members of his management team: Thierry Marraud, Marc Bebon and Cedric de Bailliencourt.

Havas said his request is under consideration.

Havas currently has 13 directors; the company this month proposed three new members: Laurence Pairsot, president of the French Institute of Public Opinion and a member of EuroDisney's supervisory board; Michel Rouger, honorary president of the Paris Commercial Court; and Pierre Bouchut, former CEO of Groupe Casino. It also proposed renewing the directorships of three other board members.

Bolloré, who owns more than 20 percent of Havas, in December said he would seek seats, but he has also said he has no immediate plan to attempt a corporate takeover.

Havas is parent to Arnold, Euro RSCG and Media Planning Group.

—Adweek staff report