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French Billionaire Bollore To Be Havas Chairman

Call off the headhunters: French advertising agency Havas yesterday ended its contentious quest for a new chairman, naming corporate raider Vincent Bollore to the post. Bollore, who built his $2.2 billion fortune shaking up companies like Bouygues and Mediobanca, had amassed a 22% stake in Havas over the past year. He and three allies joined the board, prompting the ouster of Chairman and Chief Executive Alain de Pouzilhac.

Read the whole story at Forbes.com, July 13, 2005 »

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