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Arnaud Lagardère Is Back as CEO, Chairman After Appealing Management Ban, Battling Embezzlement Accusations
Arnaud Lagardere, who had stepped down from the French media conglomerate Lagardere in April after being indicted, is back at the helm of the company.
Lagardere had been provisionally banned from holding executive office by a Paris court and accused by French prosecutors of “misappropriating company funds.” His lawyers, Sébastien Schapira and Dimitri Grémont, then appealed the decision and were able to obtain on June 28 “the partial lifting of the management activities ban,” Lagardere Group said in a release. Hachette is Lagardere’s best-known subsidiary internationally, having published blockbuster titles including Stephanie Meyer’s “Twilight” series. Commenting on his comeback, Lagardere thanked Jean-Christophe Thiery who had served as interim CEO and chairman (and is also president of the supervisory board of Canal+) and said he was “obviously delighted to be resuming (his) position as Chief Executive Officer of the Group that bears (his) name and to be reunited with the talented teams that I now have the honor of leading to future success.”
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