Telecomunicazioni
Altice NV : Founder- and Owner-Operated Altice Operational Management and Governance
November 9, 2017
Altice N.V. (Euronext: ATC, ATCB) announces the reorganization of its group management and governance in conjunction with the resignation today of Michel Combes, Altice N.V. CEO, Altice N.V. Director, Altice USA Director and SFR Group Chairman and CEO.
The new management and governance structure is designed to better implement Altice's strategy, create clearer accountability amongst management and improve the operational and financial performance of the business. It aligns more fully the interests of founders and group management, both with significant ownership in the group, and the public shareholder base.
Patrick Drahi will be appointed as President of the Board of Altice N.V and will set out the strategic, operational, commercial and technological agenda for the group and its execution, including in particular SFR Group. Key members of Altice N.V. management will report directly to him:
This structure represents a return to the core organization that created the success of the Altice Group. It will provide direct, clear leadership of the European operations to deliver on its potential and continue to support Altice USA.
Under Patrick Drahi's leadership, the new structure assigns clear geographic responsibility. At the same time, it centers core group telecom and media organizations around proven entrepreneurs and the historic core management team. All of these leaders are significant Altice shareholders and will execute Altice's convergence strategy around telecoms, media-content and data-advertising.
Patrick Drahi said .
Michel Combes said
Head of Investor Relations
Nick Brown: +41 79 720 1503 / nick.brown@altice.net
Head of Communications
Arthur Dreyfuss: +41 79 946 4931 / arthur.dreyfuss@altice.net
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
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