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Ubisoft Director Resigns

by Rainier on July 18, 2006 @ 4:50 p.m. PDT

Ubisoft's board of directors announced today that Mr. Marc Fiorentino has been elected to serve as director, replacing Ms. Yvette Guillemot who had held the position since 1996 but recently resigned.

She has played an active role in strategic decisions made by Ubisoft since its introduction on the Paris stock exchange and has been present for the Group’s international expansion over the past ten years. The board of directors expresses its gratitude to Ms. Guillemot for her participation in and commitment to Ubisoft’s success.

Mr. Fiorentino, 46, a graduate of HEC, France’s most important business school, specializes in financial markets and medium-sized companies For over 15 years he served as director of European operations for a number of US investment banking institutions, including Bank of America, Drexel Burnham, PaineWebber and more recently Salomon Smith Barney. He subsequently founded his own brokerage firm, Euroland Finance, in 1999. In addition, he comments for France’s BFM and LCI radio networks on finance, economics and the business world.

“I am very happy to welcome Marc Fiorentino to our board of directors,” said Yves Guillemot, Ubisoft’s CEO and Chairman of the Board. “His vision and remarkable career as an entrepreneur, coupled with his extensive experience in the financial industry, will enhance and strengthen the expertise of our board of directors. The addition of Marc Fiorentino to our roster at Ubisoft represents yet another asset for the group as it pursues an ambitious strategy of growth.”

“In a growing, changing industry, Ubisoft is a true success story,” said Marc Fiorentino. ”Serving on Ubisoft’s board of directors will offer me an opportunity to promote entrepreneurship in France. Yves Guillemot and his brothers along with the entire Ubisoft team have transformed a French company into an international powerhouse, and the story is just beginning!”

Having evaluated Mr. Fiorentino’s independence in light of the criteria contained in the Bouton Report, the board of directors will submit his appointment for ratification at the next Ordinary General Meeting, scheduled for September 25.

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