Arnaud Lagardère Reinstated as CEO Amid Embezzlement Charges

Lagardère returns to lead the media conglomerate following a court's partial lifting of his management ban.

Lagardère was initially banned from executive roles in April due to embezzlement charges.
The court ruling allows him to resume his positions as CEO and Chairman of the Lagardère Group.
The media group is controlled by Vivendi, which completed its acquisition in November 2023.
Lagardère expressed gratitude to interim CEO Jean-Christophe Thiery and key shareholders.
The reinstatement comes as Nine Network announces significant staff cuts in response to economic challenges.