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of Wahl, the former CEO of Caisse d’Epargne. With no prior industry experience, he is said to have clashed with his independent-minded operating heads, particularly those in France who felt he was too intrusive. “Havas functions in directly the opposite way of WPP,” said a source. “At WPP, the holding company is king; at Havas, the operating units are king.”
Mercedes Erra, chairman of Euro RSCG France, and Stephane Fouks, its CEO, did not return calls.
The Rodés family is the third-largest investor in Havas and cast a key vote in support of Bolloré’s coup to win control of the company.
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