Overview

• Ramon Fernandez, CMA CGM’s CFO and former Treasury director, assumed the presidency of RMC BFM on July 16, succeeding Nicolas de Tavernost.
• Nicolas de Tavernost departed to lead LFP Media and concentrate on launching the Ligue 1+ channel.
• Fernandez brings experience from the IMF, the French Treasury and a stint as deputy CEO of Orange.
• RMC BFM has recorded about 100 departures under its change-of-ownership clause and is aiming to regain ground after BFMTV lost its lead to CNews.
• CMA CGM has entered exclusive negotiations to acquire the online video outlet Brut as part of its broader media expansion.