Jean-Bernard Levy leaves Vivendi

Pascale Paoli-Lebailly ęRapidTVNews | 28-06-2012

Vivendi chief executive Jean-Bernard Levy is to leave the French media conglomerate in a decision to be made official at a board meeting later today, Le Figaro has reported.

Levy is said to be leaving because of "strategic differences" with board chairman Jean-Rene Fourtou.

Jean-Franšois Duboscq, a senior vice president at the company, will replace Levy on a temporary basis, the newspaper adds, while speculating that Levy may take a job with an unidentified US company. No one at Vivendi was available to comment.

This move would come just months after Levy forced out the former chief of Vivendi's SFR telecoms unit for not sufficiently coping with the arrival of new mobile competitor Free (Iliad).

In a context where telco SFR is no longer the company's cash cow, a two-day meeting by top managers took place last weekend, ending with the disclosure that there would be no strategic announcement for the time being.

In late March, Levy and Fourtou expressed dismay at the company's share price in a letter to shareholders and said that questioning the scope of the group's activities was "not taboo".