URW: Xavier Niel leaves the supervisory board

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(CercleFinance.com) – Unibail-Rodamco-Westfield (URW) indicates that Xavier Niel has decided, following his appointment to the board of directors of ByteDance, the parent company of TikTok, to resign from the supervisory board of URW to starting October 4.

Also, the supervisory board, on the recommendation of Xavier Niel and his governance, nomination and remuneration committee (CGNR), decided to co-opt Michael Boukobza for the remaining duration of his mandate as a member of the board.

‘Michael Boukobza has 25 years of expertise in entrepreneurship and cost optimization, mainly in telecommunications, innovation and digital development as well as in the press industry’, underlines the real estate group.

This appointment of Michael Boukobza as a non-independent member of the supervisory board, as well as a member of the CGNR, with immediate effect, will be subject to ratification by the next general meeting of shareholders of URW.

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