Havas Names Herve Philippe Chief Financial Officer
November 28 2005 - 11:57AM
PR Newswire (US)
PARIS, November 28 /PRNewswire-FirstCall/ -- Philippe Wahl, Chief
Executive Officer of Havas (NASDAQ:HAVS), announced today that
Havas has named Herve Philippe to the position of Chief Financial
Officer. The appointment is effective immediately. Herve Philippe,
47, will be responsible for the entire Group's financial functions
and will report to Philippe Wahl. He will also be a member of
Havas' Executive Committee. "Herve Philippe comes to his new role
after having acquired broad international experience within the
high tech and electronics group Sagem and participated in its
success," said Philippe Wahl. "He also has a strong understanding
of financial operations. I am very pleased he will be joining our
management team in this very important role." he added. Herve
Philippe joined Sagem in 1998 and was appointed Chief Financial
Officer in 2001 and member of the Executive Board in 2003. Prior to
that, he held the position of head of the Corporate Finance
division in the Commission des operations de bourse, the French
Stock Exchange regulatory authority, where he worked for 9 years.
He began his career as an executive manager at Credit National, a
French bank specialized in corporate financing. "After many years
spent at Sagem, I am looking forward to devoting all my energy to
helping achieve the goals of a worldwide communication group like
Havas." said Herve Philippe. Herve Philippe succeeds Jacques Herail
who leaves the company after twenty years of service starting in
1984 as Financial Director of HDM. Since 1996, he was Chief
Financial Officer at Havas. About Havas Havas (Euronext Paris:
HAV.PA; Nasdaq: HAVS) is a global advertising and communications
services group. Headquartered in Paris, Havas has three principal
operating divisions: Euro RSCG Worldwide which is headquartered in
New York, Arnold Worldwide Partners in Boston, and Media Planning
Group in Barcelona. A multicultural and decentralized Group, Havas
is present in 77 countries through its networks of agencies located
in 44 countries and contractual affiliations with agencies in 33
additional countries. The Group offers a broad range of
communications services, including traditional advertising, direct
marketing, media planning and buying, corporate communications,
sales promotion, design, human resources, sports marketing,
multimedia interactive communications and public relations. Havas
employs approximately 14,400 people. Further information about
Havas is available on the company's website: http://www.havas.com/
Forward-Looking Information This document contains certain
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions, concerning matters that are not historical facts.
These forward-looking statements reflect Havas' current views about
future events and are subject to risks, uncertainties, assumptions
and changes in circumstances that may cause Havas' actual results
to differ significantly from those expressed in any forward-looking
statement. Certain factors that could cause actual results to
differ materially from expected results include changes in global
economic, business, competitive market and regulatory factors. For
more information regarding risk factors relevant to Havas, please
see Havas' filings with the U.S. Securities and Exchange
Commission. Havas does not intend, and disclaims any duty or
obligation, to update or revise any forward-looking statements
contained in this document to reflect new information, future
events or otherwise. Contacts : Communications : Peggy Nahmany Tel:
+33-1-58-47-90-73 Investor Relations: Stephane Houri Tel:
+33-1-58-47-91-35 DATASOURCE: Havas CONTACT: Communications: Peggy
Nahmany, Tel: +33-1-58-47-90-73, . Investor Relations: Stephane
Houri, Tel: +33-1-58-47-91-35,
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