Board of Directors

Arnaud Lagardère holds a DEA post-graduate degree in economics from the University of Paris Dauphine. He was appointed Director and Chief Executive Officer of MMB (which became Lagardère SCA and then Lagardère SA) in 1987.

He was Chairman of the US company Grolier Inc. from 1994 to 1998. Arnaud Lagardère was appointed Managing Partner of the Company by way of a decision by Arjil Commanditée-Arco approved by the Supervisory Board on 26 March 2003 and his term of office was subsequently renewed in 2009, 2015 and 2020.

On 30 June 2021, he was appointed Chairman and Chief Executive Officer of Lagardère SA, and Chairman and Chief Executive Officer of Hachette Livre on 8 November 2023.

Directorships and other positions held in other companies:

In France:

• Chairman and Chief Executive Officer of Hachette Livre
• Director and Vice-Chairman of the Board of Directors of Louis Hachette Group
• Chairman, Lagardère Media
• Director, Lagardère Ressources
• Chairman, Fondation Jean-Luc Lagardère
• Chairman, Association des Amis de la Croix-Catelan (formerly Lagardère Paris Racing Ressources sports association) (non-profit organisation)
• Chairman, Lagardère Paris Racing sports association (non-profit organisation)
• Chairman, Lagardère Live Entertainment
• Chairman, Dariade
• Chairman, Lagardère Expression
• Chairman, Lagardère Participations
• Member of the Board of Directors, Extime Duty Free Paris (formerly Société de Distribution Aéroportuaire [SDA])
• Member of the Board of Directors, Extime Travel Essentials Paris (formerly Relay@ADP)
• Managing Partner, Lagardère Radio SCA
• Chairman, Lagardère Commandité

Outside France:

• Member of the Board of Directors, Lagardère North America

Valérie Bernis is a graduate of the Institut Supérieur de Gestion and the Université de Sciences Économiques in Limoges. Having spent two years as Press and Communications Officer for the French Prime Minister’s Office, in 1996 she joined Compagnie de Suez as Executive Vice-President – Communications, and then in 1999 was appointed Deputy CEO in charge of Corporate Communications and Sustainable Development. During that time, she also served for five years as Chair and Chief Executive Officer of Paris Première, a French TV channel. Appointed Deputy Chief Executive Officer and member of the Executive Committee of Engie in 2001 until 2016, Valérie Bernis was also Executive Vice-President — Financial and Corporate Communications and Sustainable Development, as well as being Vice President of the Engie Foundation. Until end-December 2022, she was a member of the Board of Directors, Nomination Committee and Audit Committee of L’Occitane International SA.

Directorships and other positions held in other companies:

In France:

• General Secretary of the Board of Directors, AROP (Opéra de Paris).
• Member of the Supervisory Board, Fondation pour l’Innovation Politique.

Outside France:

• None.

Yannick Bolloré is a graduate of the University of Paris Dauphine.

He co-founded the production company WY Productions in 2002 (Hell, Yves Saint Laurent). In 2006, he joined his family group, the Bolloré group, to launch and develop its media division. Within five years, Bolloré Média (D8, D17) became France’s leading independent French TV group and was subsequently sold to Canal+, making the Bolloré group a shareholder in Vivendi.

He joined Havas in 2011 and became Chairman and Chief Executive Officer in 2013. He initiated a major restructuring of the group to make it the most integrated and forward-thinking in its industry. In 2017, Vivendi acquired control of Havas. Yannick Bolloré was appointed Chairman of the Supervisory Board of Vivendi in April 2018.

In October 2024, he was appointed Chairman of the Supervisory Board of Canal+, Chairman & CEO of Havas NV, and a member of the Board of Directors of Louis Hachette Group – a company listed on the Euronext Growth market since 16 December 2024 and which combines the activities of the Lagardère group and Prisma Media.

He was named a Young Global Leader by the World Economic Forum in 2008 and has received numerous honours and awards from international associations and the business press.

He is also a Chevalier de l’Ordre des Arts et des Lettres.

Directorships and other positions held in other companies:

In France:

• Chairman of the Supervisory Board, Canal+ SA (listed company)
• Director of Louis Hachette Group (listed company)
• Chairman of the Supervisory Board, Vivendi SE (listed company)
• Vice-Chairman and director, Bolloré SE (listed company)
• Director, Compagnie de l’Odet SE (listed company)
• Chairman of Havas SAS
• Director, Bolloré Participations SE
• Director, Financière V
• Director, Omnium Bolloré
• Chairman, SAS YB6
• Member of the Supervisory Board, Sofibol
• Director, Fonds de dotation de la Fédération Française de Tennis
• Director, L’Expansion Scientifique Française (SA)

Outside France:

• Chairman of the Board of Directors and Chief Executive Officer of Havas NV (Netherlands) (listed company)
• Chairman, Havas North America, Inc. (United States)
• Chairman and Executive Vice- President, Havas Worldwide LLC (United States)
• Director, Havas Worldwide Middle East FZ, LLC (United Arab Emirates)

Fatima Fikree is a  Director at the Qatar Investment Authority. She is a graduate of Carnegie Mellon University, the Tepper School of Business. Fatima Fikree began her career in the financial industry at Barclays plc and joined the Qatar Investment Authority in 2017. She holds a Bachelor of Science degree in Business Administration and is a Chartered Financial Analyst.

Directorships and other positions held in other companies:

In France:

• None

Outside France:

• Chair and Director, Q West Holding LLC
• Chair and Director, Qure Holding LLC
• Director, F3 Holding LLC
• Director, QIA CKF Holding LLC
• Director, West Bay Holding LLC
• Director, DIC Holding II LLC
• Director, DIC Holding LLC
• Director, Qatar Algerian Investment Company PQSC
• Director, QAMC Investor 1 Company Limited
• Director, Qatar District Cooling Company PQSC
• Legal Manager, Q Midco Holding LLC

Marie Flavion is currently Operational Marketing Product Manager at the Hatier group’s Diffusion Department, in charge of relations between diffusion and publishers and event communication, a position she has held since 2014. She joined the Hatier group’s Diffusion Department in 1990, first as a project manager, before taking up the position of Promotion and Communication Manager from 2000 to 2014.

She began her career at Éditions Larousse in 1985 as an archivist and editor.

Marie Flavion holds a master’s degree in philosophy from the University of Paris Sorbonne and a DEUG in modern literature.

Directorships and other positions held in other companies:

In France:

• None.

Outside France:

• None.

Valérie Hortefeux graduated in 1987 from the Institut des Relations Internationales (ILERI-Paris).

She began her career in 1994 in the communications industry, where she held various roles in marketing and communications at RMC (Radio Monte-Carlo), in strategy supporting the chairman of Sofirad (holding company for the French State’s international media interests) and at Consodata before its sale to Telecom Italia.

In 2005, she joined Banque Privée 1818 (Groupe BPCE) as a private banker and in 2008, was appointed head of origination. In this role, she supported the bank’s major clients in their strategy.

From 2013 to 2020, Valérie Hortefeux was a member of the Board of Directors of Blue Solutions (Bolloré group), Chairwoman of the Appointments and Remuneration Committee and a member of the Audit Committee, until the company’s delisting.

From 2014 to 2019, she was a member of the Board of Directors of Ramsay-Générale de Santé, a member of the Audit Committee, a member of the Appointments and Remuneration Committee and the Strategy Committee.

Since 2017, she has been a member of the Board of Directors of Mediobanca, an Italian investment bank, of the Risk Committee and the Remuneration Committee.

In 2023, she became a member of the Appointments Committee, the CSR Committee and the “Articolo 18” Committee (labour law provision).

Since 2019, she has been a member of Socfin’s Board of Directors and a member of the Audit and CSR Committee.

Since 2020, she has been a member of the Board of Directors of Compagnie de l’Odet, where she sits on
the Appointments Committee, the CSR Committee and the Audit Committee.

Directorships and other positions held in other companies:

In France:

• Member of the Board of Directors and member of the Appointments Committee, the CSR Committee and the Audit Committee of Compagnie de l’Odet (listed company)

Outside France:

• Member of the Board of Directors and member of the Risk Committee, the Remuneration Committee, the Appointments Committee, the CSR Committee, and member of the “Articolo 18” Committee of Mediobanca (Italy)
• Member of the Board of Directors and of the Audit and CSR Committee of Socfin (Luxembourg)

Pascal Jouen is a graduate of the École des Beaux-Arts in Angoulême and has been a sales executive with Larousse since 1991.
He has held a number of different positions within the employee representative bodies of Larousse and the Lagardère group.

Directorships and other positions held in other companies:

In France:

• Deputy Mayor of Saint-Martial de Valette
• Representative of the Périgord Vert group of municipalities

Outside France:

• None.

Véronique Morali holds a master’s degree in business law and is a graduate of the Institut d’Études Politiques de Paris and the ESCP business school. She joined the ENA and the Inspection Générale des Finances (French Inspectorate of General Finances), which she left in 1990 to join Marc Ladreit de Lacharrière when he founded Fimalac. As a Board member and the General Manager of Fimalac from 1990 to 2007, she played a major role in defining the strategy and international expansion of this listed group with its founder. Véronique Morali is currently Vice-Chair of the Executive Committee of Fimalac and Director of Development.

Since 2013, she has been Chair of the Board of Directors of Webedia, Fimalac’s digital division and a key player in the French media and digital landscape, building a unique global network of media, talent, events and services on the strongest themes in entertainment and leisure.

Alongside her activities at Fimalac, in 2005 she co-founded Force Femmes, a non-profit association, which she chairs, with the aim of accompanying and supporting women over 45 in their efforts to return to work and create their own business. From 2011 to 2014, Véronique Morali was Chair of the Women’s Forum for the Economy and Society. She is also a co-founder of Women Corporate Directors Paris (a network of women board members) and a member of Siècle.

Arnaud de Puyfontaine is a graduate of ESCP Business School (1988), Institut Multimédias (1992) and Harvard Business School (2000). He started his career as a consultant at Arthur Andersen and then in 1989 worked as a project manager at Rhône-Poulenc Pharma in Indonesia. In 1990, he joined Le Figaro as Executive Director. In 1995, as a member of the founding team of the Emap Group in France, he headed Télé Poche and Studio Magazine, managed the acquisition of Télé Star and Télé Star Jeux, and launched the Emap Star Division, before becoming Chief Executive Officer of Emap France in 1998. In 1999, he was appointed Chairman and Chief Executive Officer of Emap France, and, in 2000, joined the Executive Board of Emap PLC. He led several M&A deals, and concomitantly, from 2000 to 2005, served as Chairman of EMW, the Emap/Wanadoo digital subsidiary. In August 2006, he was appointed Chairman and Chief Executive Officer of Editions Mondadori France. In June 2007, he became General Manager of all digital business for the Mondadori group.

In April 2009, Arnaud de Puyfontaine joined US media group Hearst as Chief Executive Officer of its UK subsidiary, Hearst UK. In 2011, on behalf of the Hearst group, he led the acquisition from the Lagardère group of 102 international magazine titles, and in June 2011, was appointed Executive Vice President of Hearst Magazines International. In August 2013, he was appointed Managing Director for Western Europe. He has also been Chairman of ESCP Europe Alumni. From January to June 2014, Arnaud de Puyfontaine was a member of the Vivendi Management Board and Senior Executive Vice President in charge of its media and content operations. Since 24 June 2014, he has been Chairman of the Management Board of Vivendi.

As part of the partial demerger of Vivendi SE, Arnaud de Puyfontaine was appointed as a member of the Supervisory Board of Canal+, Chairman of the Board of Directors (voorzitter) of Havas NV, and a director of Louis Hachette Group – a company listed on the Euronext Growth market since 16 December 2024 and which combines the activities of the Lagardère group and Prisma Média.

Arnaud de Puyfontaine is Chevalier de l’Ordre National de la Légion d’Honneur and an Officer of the British Empire (OBE).

In France:

• Chairman of the Management Board, Vivendi (listed company)
• Member of the Supervisory Board, Canal+ (listed company)
• Director of Louis Hachette Group (listed company)
• Chairman of the Board of Directors, Prisma Media
• Chairman of the Board of Directors, Gameloft SE
• Member of the Board of Directors, Dailymotion
• Member of the Advisory Committee, Innit
• Honorary Chairman, French-American Foundation

Outside France:

• Chairman of the Board of Directors, Havas SA (listed company)

Michèle Reiser is a philosopher by profession. In 1975, she started a weekly literary show for young people on French TV channel FR3, which she hosted for eight years. She also had a literary column in Le Monde de l’Éducation and later worked regularly at Ex Libris.

Between 1983 and 2005, she directed, produced and wrote features for television, including documentaries, biographical portraits and feature stories broadcast on France 2, France 3, France 5, Canal+ and Arte.
These features focused on social issues (Les Trois Mousquetaires à Shanghai, La Vie en rollers), politics (she created the series Un Maire, une Ville with Alain Juppé in Bordeaux and Jean-Claude Gaudin in Marseille), psychiatry (Le Cinéma de notre anxiété, Un homme sous haute surveillance, Épilepsies), romantic traditions (Les Amoureux de Shanghai, L’Amour au Brésil, Les Amoureux du Printemps de Prague), child and adolescent development (Premiers émois, Vis ta vie, ou les parents ça sert à rien, La vérité sort de la bouche des enfants) and biographical portrait documentaries (Reiser, Juppé, François Truffaut, correspondance à une voix).

She also directed musical and theatrical shows as well as operas, including Le Barbier de Séville with Ruggero Raimondi.

She founded Les Films du Pharaon and served as its Director from 1988 to 2005.

In January 2005, she was appointed a member of France’s Audiovisual Council by the French President and presided over the Audiovisual Production, Free Private Channels, Advertising and Cinema and Music working groups over her six-year term.

From 2008 to 2012, she founded and presided over the Commission on the image of women in the media.

At the end of each year, the Commission published a report emphasizing that although women have visibility, they are still confined to a particular role and that men are still the only ones whose knowledge is considered legitimate. This observation brought to light the notion of an “expert”, which was the subject of the second report presented in December 2011 during a symposium at the French National Assembly titled Les expertes, bilan d’une année d’autorégulation (Experts: Results of One Year of Self-Regulation).
The Commission was awarded permanent status by the Prime Minister in 2011.

In 2010, she co-presided over the work of the Commission on associations’ access to audiovisual media, which produced a report that was submitted to the Prime Minister in January 2011.

She was a member of the Gender Equality Observatory from 2010 to 2012.

In 2013, Michèle Reiser founded the consultancy firm, MRC.

She chaired the judging panel of the Gulli book prize between 2014 and 2020.

June 2015, she created the Paris-Mezzo classical music festival, which, under her direction, became the Festival de Paris in 2017.

She published two novels with Albin Michel, Dans le creux de ta main in 2008, and Jusqu’au bout du festin in 2010, which won the Prix de la révélation littéraire in 2010 from Aufeminin.com.

She was promoted to the rank of Chevalier de l’ordre de la Légion d’honneur in 2010 and named Officier de l’ordre national du Mérite in 2004.

Directorships and other positions held in other companies:

In France:

• Independent member of the Supervisory Board, Vivendi SE (listed company)
• Legal Manager, MRC

Outside France:

• Director, Havas NV (Netherlands) (listed company)

Nicolas Sarkozy is the 6th President of France’s Fifth Republic (2007-2012).

Mayor of Neuilly-sur-Seine (1983-2002), National Assembly Representative for Hauts-de-Seine (1988-2002), President of the General Council for Hauts-de- Seine (2004-2007), Minister for the Budget (1993-1995), Minister for Communications (1994-1995), Government spokesman (1993-1995), Minister of the Interior, Internal Security and Local Freedoms (2002-2004), Minister of State, Minister for the Economy, Finance and Industry (2004), Minister of State, Minister of the Interior and Town and Country Planning (2005-2007). He was also the elected leader of French political parties UMP (2004-2007) and Les Républicains (2014-2016).

A trained lawyer, Nicolas Sarkozy is married and has four children. He is the author of several books, including Libre, Témoignage, La France pour la vie, Tout pour la France, Passions, Le Temps des tempêtes, Promenades and Le temps des combats.

Nicolas Sarkozy also provides consulting services to several international groups, including acting as a consultant to the Management Committee of the Marietton group. He sits on the Advisory Board of Chargeurs (listed company) as well as being a consultant to Axian and SC Varsano, where he is also Chairman of the Strategy Committee.

Directorships and other positions held in other companies:

In France:

• Director and Chairman of the International Strategy Committee, Accor (listed company)
• Member of the Supervisory Board, LGI – Lov Group Invest
• Chief Executive Officer, CSC SELAS

Outside France:

• None