Ubisoft's Board of Directors has nominated two new independent directors, Frederique Dame and Florence Naviner. The two nominees will still need to be approved by the shareholders' general meeting on September 29.
"We are delighted to continue the expansion of our Board of Directors with the appointment of Frederique and Florence as independent directors. Their international careers are perfectly consistent with the profile of Ubisoft, which generates more than 90% of its revenues abroad," said CEO Yves Guillemot in a statement.
"They will bring Ubisoft valuable and complementary experience; Frédérique will especially allow us to benefit from her deep expertise in digital customer experience and her extensive network in the Silicon Valley's ecosystem; Florence will bring a detailed knowledge of all financial and strategic issues a large global group in the consumer industry faces. These are valuable assets to the Board at a time where Ubisoft has set itself an ambitious roadmap."
In April Vivendi increased its stake in Ubisoft to almost 18%, and these nominations are no doubt an attempt by Ubisoft to maintain control of the board.
Dame is an angel investor in Silicon Valley who has worked with Uber and Yahoo. Florence Naviner is currently the CFO and SVP of Wrigley.
If they get signed at the shareholders' general meeting it will bring the Board of Directors up to a total of 10 members, including five independent directors and four women.