Ubisoft appoints new board member

French publishing giant Ubisoft has announced the appointment of a new non-executive director to its board, following the resignation of founding family member Yvette Guillemot.

Ms Guillemot had served on the board of directors since the beginning of 1996, and had been instrumental in shaping the company and taking decisions to further its growth since the publisher entered the Paris stock exchange.

Bringing a wealth of both financial and entrepreneurial experience to the company, the newly appointed director of the board, Marc Fiorentino, will strive to further the publisher's growth as the hardware transition completes.

Yves Guillemot, Ubisoft's CEO and chairman of the board, commented: "I am very happy to welcome Marc Fiorentino to our board of directors. 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."

A graduate of the prestigious French business school, HEC, Fiorentino has served for more than 15 years as director of European operations for several US investment banking institutions.

Founding his own brokerage firm in 1999, Fiorentino is also a regular commentator on finance, economics and the business world for France's BFM and LCI radio networks.

"Serving on Ubisoft's Board of Directors will offer me an opportunity to promote entrepreneurship in France," Fiorentino added.

"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."