French betting sports and horse race operator Pari-Mutuel Urbain (PMU) began its hunt for a new president after Bertrand Méheut resigned on 26 May for the role.
The resignation comes as Méheut expressed his intention to ‘devote himself fully to other professional projects as well as to personal commitments.’ As the Director General, Cyril Linette will remain in charge of ‘deciding the company’s strategy, in continuity with the work undertaken for two years.’
PMU appreciated the role of Méheut in assisting the company in its management capabilities, helping the operator to achieve its ‘innovative and ambitious marketing vision’
The operator announced the appointment of a new, non-executive President at the upcoming General Assembly meeting on 9 June.
After recording consecutive growth quarters for its vertical racing, PMU detailed confidence in its ‘revitalisation programme’ in October.
In 2019 PMU conducted a redesign of the management staff, under the leadership of Cyril Linette, with the aim of revamping the image of French racing for the general public.
The operator announced at the time that it had decided to re-focus the PMU as a French betting firm, dispose of its foreign racing assets and terminate further diversification activities.