David Mignot appointed as new CEO of MultiChoice following Canal+ takeover
David Mignot (TOP) has been appointed as the new CEO of MultiChoice, while outgoing CEO (bottom) Calvo Mawela, will remain as the chairman of Canal+'s operations in Africa.
Image: IOL Graphics/Se-Anne Rall
David Mignot has been appointed as the new CEO of MultiChoice. This comes following the announcement of French media giant, Canal+'s takeover of the television and streaming group.
AFP reported that the companies said in a joint statement that the combined group will have a workforce of 17,000 employees and serve more than 40 million subscribers.
"Canal+, which is already the sector's leader in French-speaking African countries, now controls what it described as the leader in the continent's English- and Portuguese-speaking regions," AFP noted.
Nicholas Dandoy will take over as CFO and Maxime Saada will take over the role of executive chairman.
MultiChoice outgoing CEO, Calvo Mawela, will remain as the chairman of Canal+'s operations in Africa.
With effect from the release of the Finalisation Announcement, the MCG Board now consists of the following members
Image: Screenshot
To align with Canal+’s financial year-end, which is currently December 31, MultiChoice and its subsidiaries will be changing their financial year-end from March 31 to December 31.
The acquisition of the MultiChoice Group by Canal+ marks the largest transaction ever undertaken by Canal+, cementing the combined Group’s position as a global media and entertainment company.
The combined Group will serve more than 40 million subscribers across close to 70 countries in Africa, Europe and Asia, supported by a workforce of approximately 17,000 employees.
For MultiChoice customers, all subscription and billing arrangements willremain the same.
seanne.rall@iol.co.za
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