Universal parent Vivendi has approved the appointment of five new members to its supervisory board including Vincent Bollore, the company’s largest shareholder.

Bollore, who holds 5 percent through his private holding company, was given a seat on the board in December and is rumoured as a possible successor to chairman Jean-Rene Fourtou.

The announcements were made at a meeting where chair Jean-Francois Dubos said plans are underway for Vivendi to make a commitment to its media and content business - ...