Vincent Bolore continues to organize his legacy. On Thursday, he said his son would take over the group with the same name. Vincent Bolore has already begun to spend his group's reins last year, leaving his son as Vivendi's director.
Billionaire Breton, who has already left his place in Vivendi for Kirill Bolore, will not seek the resumption of his post in Bohore's board of directors after his term in May. The group also announced that its board unanimously appointed Cyril Bolore, one of his four children, as the post of executive director, a position previously owned by Vincent Bolore.
"The Board of Directors thanked Mr. Vincent Bolore for the work he has done for the development of Bolore for 38 years", we can read in a statement posted by the group.
A decision taken less than a year after another of his children, Janik Bolore, took over the management of the Vivendi Supervisory Board. The retirement of Vincent Bolore is planned for 2022, a key year for the Bolore family, because the patriarch will celebrate his 70th birthday, while the family group will celebrate its 200th birthday.
Bolore's largest shareholder, Vivendi, also announced that revenues rose by 7% in 2018 to 23.02 billion euros. Its operating income jumped by 25% to 1.3 billion euros.