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Management Board
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Corporate Governance
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3.2. Management Board
3.2.1.
General Provisions
In accordance with Vivendi’s by-laws (Article 12), the Management Board
may be composed of a minimum of two members and a maximum of
seven members. Members of the Management Board are appointed by
the Supervisory Board to serve four-year terms. The terms of office of
members of the Management Board expire no later than upon completion
of the Shareholders’ Meeting held to approve the financial statements for
the fiscal year during which the member reaches the age of 68. However,
the Supervisory Board may prolong that member’s term, on one or more
occasions, for a period not exceeding two years in total (Article 12 of
Vivendi’s by-laws).
Pursuant to Vivendi’s by-laws (Article 14), each Management Board
member may choose to attend meetings by video-conferencing or
telephone conference call.
3.2.2.
Composition of the Management Board
At its meeting held on June 24, 2014, the Supervisory Board resolved to
appoint Mr. Arnaud de Puyfontaine, Mr. Hervé Philippe and Mr. Stéphane
Roussel for a term of four years, until June 23, 2018. The Supervisory
Board appointed Mr. Arnaud de Puyfontaine as Chairman of the
Management Board for the term of his mandate as member of the
Management Board.
Detailed information about individual members of the Management
Board is provided below in the Section titled “Main Activities of Current
Members of the Management Board”.
Until June 24, 2014, the Management Board was composed of three
members: Mr. Jean-François Dubos (Chairman), Mr. Jean-Yves Charlier
and Mr. Arnaud de Puyfontaine.
List of Management Board members
Name
Primary Position
Number of shares held directly or through the PEG
Arnaud de Puyfontaine
Chairman of the Management Board
2,500
Hervé Philippe
Member of the Management Board and Chief Financial Officer
2,500
Stéphane Roussel
Member of the Management Board and Senior Executive Vice
President, Development and Organization
*
64,290
*
Units held in the Group Savings Plan (PEG) are valued based on Vivendi’s share price at the close of business on December 31, 2014, i.e., €20,690.
Arnaud de Puyfontaine
,
Chairman of the Management Board
Hervé Philippe
,
Member of the Management Board
and Chief Financial Officer
Stéphane Roussel
,
Member of the Management Board
and Senior Executive Vice President,
Development and Organization
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Annual Report 2014