He was reputed to be distant from business, but finally takes a place of choice in the family organization chart: Sébastien Bolloré, eldest of Vincent Bolloré’s four children, will become Deputy Managing Director of Compagnie de l’Odet in June, the company announced. which controls the Bolloré group, Thursday March 10.
“Given the expertise of Mr. Sébastien Bolloré and the necessary change in governance”the board of directors of the Compagnie de l’Odet, on which sit all the siblings, “unanimously approved this appointment which will take effect on 1is June 2022 »according to a press release.
The Bolloré group, which celebrated the bicentenary of its founding on February 17, is in full reorganization after Vincent Bolloré, current chairman and chief executive officer (CEO) of Compagnie de l’Odet, announced his intention to make way for their children. But the real withdrawal of the media magnate finally seems further away than expected, as the issues to be settled (takeover bid for Lagardère, sale of the African logistics branch) are still numerous.
The most discreet of the four children, Sébastien, 44, has until now been confined to a research and development role in new technologies for the group. He lives mainly in Australia and now takes an operational role in the holding company.
The youngest, Yannick Bolloré, 42, chairs the supervisory board of the French media giant Vivendi (Canal+, Havas, Editis), controlled at 29.5% by all the companies in the group. He is also CEO of the communications subsidiary Havas.
The third son, Cyrille, 36, is CEO of the Bolloré group and is responsible in particular for transport and logistics in Africa and abroad, as well as oil logistics.
The youngest, Marie, is president of the Fondation de la 2e chance, the group’s charity, after a stint at the head of the electric battery business.
Flagship of the Bolloré family, the Compagnie de l’Odet (formerly Financière de l’Odet), named after the coastal river that crosses Quimper (Finistère), which saw the birth of the stationery at the origin of the group, also announced Thursday a 20% increase in its dividend, to 3.60 euros per share, while its net profit exploded in 2021, to 3.3 billion euros.