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Fourtou in at Vivendi Universal

By John Eggerton -- Broadcasting & Cable, 7/8/2002 10:40:00 AM

As expected, the board of Vivendi Universal named Jean-Rene Fourtou chairman and CEO, replacing Jean-Marie Messier, who resigned last week.

Fourtou, who has been vice chairman of the supervisory board of French-German pharmaceutical company Aventis, will also take Messier's seat on the board.

After his appointment, Fourtou said the first order of business will be to address "short-term cash" issues. He added that two committees and two working groups, made up of people outside of the company as well as in, will be set up to undertake a "financial and strategic diagnosis" of the company.

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