Appointment of Thierry Guibert as Executive Vice President International and Development of FNAC
In view of the strategic and operational importance of developing and expanding Fnac internationally, I have decided to create a post for an Executive Vice President International and Development, which I have entrusted to Thierry Guibert. Thierry Guibert is therefore named, Executive Vice President International and Development as from January 1st 2008. He shall assume the working responsibility for all countries outside France and for the subsidiaries Surcouf and Fnac éveil&jeux, as well as managing Development. In addition he shall continue to fulfill his duties as CFO of Fnac. Thierry Guibert (37) holds a degree from the Reims Business School and began his career with KPMG audit where his duties included auditing and financial consulting. He joined PPR's financial management in 1999 and was appointed Financial Control Director of the PPR group in January 2003. Thierry Guibert was appointed Corporate Secretary and Financial Director of Fnac in 2006 before taking over the Management of International and Subsidiaries in September 2007. About Fnac A subsidiary of the PPR group and one of France's leading retailers of arts and technology products, Fnac owns and manages 131 stores: 77 stores in France and 54 abroad (Belgium, Brazil, Spain, Italy, Portugal, Switzerland and Greece), as well as a website, www.fnac.com (averaging 600,000 individual visitors per day). Its Fnac éveil&jeux subsidiary offers a selection of products for children through a network of 40 stores, and through distance selling by mail order and over the Internet. Its Surcouf subsidiary retails the most exhaustive possible product offer in micro-computing.Fnac employs more than 20,000 staff, and earned revenue of €4,538 million in 2006. About PPR PPR develops a portfolio of high-growth global brands. The Group is present in 75 countries with approximately 78,000 employees. Through its retail businesses Redcats Group, Fnac, Conforama and CFAO, and the Luxury brands of Gucci Group (Gucci, Bottega Veneta, Yves Saint Laurent, YSL Beauté, Balenciaga, Boucheron, Sergio Rossi, Alexander McQueen and Stella McCartney), PPR generated sales of EUR 17.9 billion in 2006. In 2007, PPR acquired a majority interest in Puma. PPR shares are listed on Euronext Paris (# 121485, PRTP.PA, PPFP).
For more information: www.ppr.com
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