Monday, November 19, 2001: Top US media analyst Laura Martin to join Vivendi Universal as head of investor relations and financial strategy
PARIS and NEW YORK,
November 19, 2001 - Vivendi Universal [Paris Bourse: EX FP; NYSE: V] announced
today the appointment of Laura Martin as Executive Vice President of Investor
Relations and Financial Strategy, effective January 1, 2002. Prior to her
appointment as head of Investor Relations at
Vivendi Universal, Ms. Martin served as a managing director and senior equity
research analyst at Credit Suisse First Boston.
In making the announcement,
Jean-Marie Messier, Chairman and Chief Executive Officer of Vivendi Universal,
said: 'I am thrilled that Laura is joining the Vivendi Universal team.
Having been a top U.S. media and entertainment analyst for many years, she
has a deep and well-developed knowledge of the industry, as well as its strategic
focus. Her decision to join the Vivendi Universal team demonstrates, I believe,
the attractiveness of our company and our business prospects. She brings to
us her energy and credibility at a time when Vivendi Universal is focusing
its efforts to develop critical relationships with the U.S. investment community.
As we have previously reported, beginning in 2002 Vivendi Universal will begin
to report financial results using U.S. Generally Accepted Accounting Principles
(GAAP).
'Laura will also
spend time with our European investors to prepare them for this accounting
change and work to augment the understanding of our strategies and vision
within that investment community. With her knowledge and proven leadership
capabilities, Laura will bring her invaluable experience to the whole Vivendi
Universal team and our shareholders.'
Ms. Martin succeeds Paris-based
Ariane de Lamaze, who left the company last month to pursue other opportunities.
Added Mr. Messier: 'I am very proud and pleased with the work that was
begun by Ariane de Lamaze, who preceded Laura Martin in this key position.
For more than six years, Ariane played an instrumental role in the transformation
of Vivendi, most recently as head of Vivendi Universal Investor Relations.
She worked tirelessly - especially with our European investor base - to have
our company well-known, and showcased as an investment opportunity.'
In her new position, Ms.
Martin will report to Jean-Marie Messier, Chairman and Chief Executive Officer
and Guillaume Hannezo, Senior Executive Vice President and Chief Financial
Officer. She will be the principal contact with the investment community and
will be responsible for directing and developing the Vivendi Universal investor
relations program, with an emphasis on the U.S. and European investment communities.
Ms. Martin will be charged with responsibility for broadening the investment
community's understanding of the strategy, business plans and the outlook
for Vivendi Universal - in all of its businesses - in order to optimize the
value of Vivendi Universal for its shareholders. Those include: music, publishing,
film, telecoms and the company's Internet businesses.
Commenting on her appointment,
Ms. Martin said: 'Vivendi Universal is at the forefront of the most important
secular trend driving media valuations over the next decade: the digitization
of content for delivery over a global footprint. Vivendi Universal's dominant
content franchises in music, film and publishing increase the value of its
distribution assets in telecom and the Internet. Vivendi Universal's global
perspective enhances its growth characteristics. I am enthusiastic about joining
this visionary management team, as the company enters its second full year
of operations as one of the world's leading media and communications companies.'
Ms. Martin holds a BA
degree from Stanford and an MBA from Harvard Business School. Over the past
20 years she has worked as an investment banker, buy-side analyst / portfolio
manager and sell-side analyst. From 1983 - 1990, she worked at Drexel Burnham
Lambert in Beverly Hills, California, as an investment banker and in 1991
began working on the buy-side for Capital Research & Management, one of
the largest owners of media stocks in the world. In 1994, she joined Credit
Suisse First Boston, where she was a nationally ranked analyst in both the
cable and entertainment industries.
Vivendi Universal - Company
Description
Media and Communications
and Environmental Services: The media and communications business is divided
into five business segments: Music, Publishing, TV and Film, Telecoms and
Internet. The Music business is conducted though Universal Music Group, which
produces, markets and distributes recorded music throughout the world in all
major genres. Universal Music Group also manufactures, sells and distributes
video products in the United States and internationally, and licenses music
copyrights in 63 countries worldwide. The Publishing business is a worldwide
content leader in its core markets: education/literature, games, and healthcare
information. It provides content across multiple platforms. TV and Film business
produces and distributes motion picture, television and home video/DVD products
worldwide, operates and has ownership interests in a number of cable and pay-TV
channels, engages in the licensing of merchandising and film property rights
and operates theme parks and retail stores around the world. The Telecoms
business provides a broad range of telecommunications services, including
mobile and fixed telephony, Internet access and data services and transmission,
principally in Europe. The Internet business manages the strategic Internet
initiatives and new online ventures for Vivendi Universal. Utilizing advanced
digital distribution technology, the Internet business develops e-commerce,
e-services and thematic portals that offer access to the Internet via a variety
of devices, including mobile phones, PDAs, interactive TV and computers. Vivendi
Environnement is a 63-percent effectively owned subsidiary of Vivendi Universal,
which operates the environmental services business, with operations around
the globe.
The Company's corporate
website is located at http://www.vivendiuniversal.com. The Company's financial
website is located at http://finance.vivendiuniversal.com.
Important Disclaimer
This press release contains
forward-looking statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are not guarantees
of future performance. Actual results may differ materially from the forward-looking
statements as a result of a number of risks and uncertainties, many of which
are outside our control, including but not limited to: the risk that Vivendi
Universal will be unable to further identify, develop and achieve success
for new products, services and technologies; that Vivendi Universal will face
increased competition and that the effect on pricing, spending, third-party
relationships and revenues of such competition will limit or reduce Vivendi
Universal's revenue and/or income; that Vivendi Universal will be unable to
establish and maintain relationships with commerce, advertising, marketing,
technology, and content providers; and that Vivendi Universal will be unable
to obtain or retain, upon acceptable terms, the licenses and permits necessary
to operate and expand its businesses; as well as the risks described in the
documents Vivendi Universal has filed with the U.S. Securities and Exchange
Commission. Investors and security holders may obtain a free copy of documents
filed by Vivendi Universal with the U.S. Securities and Exchange Commission
at www.sec.gov or directly from Vivendi Universal.
CONTACTS :
Media Relations:
New York
Anita Larsen
212.572.1118
Mia Carbonell
212.572.7556
Paris
Antoine Lefort
011-33-1-71-71-1180
Alain Delrieu
011-33-1-71-71-1086
Investors Relations:
New York
Eileen McLaughlin
212.572.8961
Paris
Laurence Daniel
011-33-1-71-71-1233
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