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Carrefour revamps board of directors after Arnault sells stake

PARIS (Reuters) - France's supermarket group Carrefour said on Tuesday that two representatives of Financiere Agache, Alexandre Arnault and Nicolas Bazire, have resigned as board members.

Published on 09/07/2021 at 08:30 am BST

Reuters

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The resignations come after French luxury goods billionaire Bernard Arnault last week sold a 5.7% stake in Carrefour via Financiere Agache, his holding company.

Carrefour also said the company would appoint advertising group Publicis' chairman and chief executive officer Arthur Sadoun as a director and seek ratification at its next shareholders meeting.

(Reporting by Matthieu Protard and Sarah White; editing by Jason Neely)

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Stocks mentioned in the article

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Off-Hours Price	Change	5-day change	Capi.
CARREFOUR	16.49EUR	+0.95%	+2.30%	13.31B
CHRISTIAN DIOR SE	451.60EUR	-0.57%	-0.83%	93.14B
LVMH	489.90EUR	-0.62%	-1.17%	278B
PUBLICIS GROUPE S.A.	87.16EUR	+1.77%	+1.70%	24.79B

Arthur Sadoun

Mr. Arthur Sadoun is a Chief Executive Officer at Leo Burnett SA, a Chief Executive Officer at MSL Groupe, a Chief Executive Officer at Saatchi & Saatchi France, a Chairman-Management Board & CEO at Publicis Groupe SA, a Chairman at Publicis Conseil SA, a Chairman & Chief Executive Officer at Publicis Activ France SA and a Global Chief Executive Officer at Nurun France. He is on the Board of Directors at BBH Holdings Ltd., Care France, Dpz&T Comunicacoes SA, MMS USA Investments, Inc. and Sichuan Yongyang Advertising Co. Ltd. Mr. Sadoun was previously employed as a Chairman-Supervisory Board by Pixelpark AG, a Managing Director by Publicis Worldwide, a Chairman by TBWAGroupe SAS, a Manager by Bielefeld GmbH, a Chairman by Elephant Seven España SA, an Independent Director by Fnac Darty SA, a Chairman by Marcel SNC, a Chairman by Publicis Dialog, a Chairman by Publicis Eto SAS, a Chairman by Publicis K1 SAS, and a Chairman by Publicis Webformance SASU. He also served on the board at Cyber Media Group SA, F2Scom SA, G/B2, Inc., Gobule Bleu Sprl, Kitchen Reklamebyrå AS, Lap Agencias De Comunicacao Lda., Pbc Communicaçao Ltda., Pixelpark GmbH, Poke London Ltd., Proximedia SA, Publicis Canada, Inc., Publicis Ltd., PUBLICIS Red Lion GmbH and Publicis SRL. He received his undergraduate degree from European Business School Group and an MBA from INSEAD.

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Linked companies
PUBLICIS GROUPE S.A.	Chief Executive Officer
Saatchi & Saatchi France Saatchi & Saatchi France Advertising/Marketing ServicesCommercial Services Provides advertising services	Chief Executive Officer