Yannick Bollore, a seventh gen of the eponymous French holding company, has been appointed global chief executive of advertising and communications group Havas, which is majority owned by the multi-billion euro family empire.
In a statement released on Wednesday, Havas confirmed that existing non-family chief executive David Jones would be leaving the company to become CEO and co-founder of a new tech start-up that will launch next month.
Bollore, 33, was appointed chairman of Havas in summer last year, having joined Havas in 2011, and been appointed managing director and vice president in August 2012.
In a statement Bollore said: “It is a very exciting time for Havas. We are well on the our way to realising our goal of being the most integrated and innovative communications group of our industry.”
His father Vincent is the sixth-gen chief executive and president of Bollore, founded in 1822, which has interests in transportation, industry, distribution and media, and in 2012 saw turnover of €10.2 billion.
His brother Cyrille, 28, is vice chairman and managing director at the holding company.
Vincent was recently appointed vice chairman of French media and communications group Vivendi, but has already dismissed speculation regarding a possible merger between it and Havas, in which the family firm has a 37% stake.
At a news conference, Jones, who has worked at Havas since 1998, said Vincent had always made it clear he intended his son to eventually take over, but that this was not the reason behind his move.