Arnaud Lagardère, director of the group of the same name, abandoned his executive mandates on Tuesday, including that of CEO, after being indicted as part of investigations into the financing of personal expenses by his companies, the company announced.
“As part of his indictment, a provisional measure prohibiting management was pronounced against Mr. Arnaud Lagardère, a measure which he contests and against which he will appeal, but which nevertheless forces him to resign from his executive mandates within the group,” Lagardère said in a press release.
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