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government-trade
government-trade

PPR Names Bompard Head Of Fnac Retail Chain

Former Europe 1 chief executive takes over ahead of expected sale.

PARIS – Retail-to-luxury group PPR has named Alexandre Bompard as chairman and chief executive officer of its books, music and electronics retail chain Fnac, effective early next year.

Bompard, 38, has been chairman and ceo of French radio station Europe 1 since 2008. He succeeds Christophe Cuvillier, who will move to an as-yet undefined new role within PPR, the group said in a statement. Bompard will sit on PPR’s executive committee.

“This appointment underscores PPR’s will to lead Fnac in a new development phase,” it added.

PPR has said it wants to sell its retail assets, including Fnac, in order to fund its expansion in the lifestyle segment, which should eventually dwarf its luxury division Gucci Group.