The Week: City News - Lerwill: Bollore 'uninformed'

Robert Lerwill, the Aegis chief executive, has rounded on its largest shareholder, Vincent Bollore, after the latter criticised Aegis' profits performance.

Bollore, the chairman of Aegis' rival Havas, holds a 29.9 per cent stake in Aegis, and has made several unsuccessful attempts to win seats on the board of the company. A spokesman said Bollore was disappointed by the 18 per cent decrease in net profit to £26 million reported by Aegis for the first half of 2007. Lerwill countered by saying that Bollore's analysis was "strange and uninformed", and added that Aegis' revenue growth was clearly ahead of that of Havas.

Become a member of Campaign from just £51 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk ,plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an alert now

Partner content