Canal Plus Chairman Expected to Resign
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Continuing the management upheaval at Vivendi Universal’s pay-TV operation, Canal Plus Group Chairman Xavier Couture is expected to resign this week, sources close to the company said.
Vivendi Chief Executive Jean-Rene Fourtou was said to be disappointed with Canal Plus’ continued losses and had clashed with Couture, who was appointed last year after former Vivendi CEO Jean-Marie Messier fired Pierre Lescure.
Lescure’s ouster led to widespread protests in France and contributed to Messier’s downfall last summer.
Couture is expected to be replaced by Canal Plus’s second in command, Bertrand Meheut. Vivendi Universal spokeswoman Anita Larsen declined to comment.
-- Richard Verrier
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