Tag Archives: Xavier Hurstel

French Renaissance: PMU reports first annual revenue increase since 2011

French betting operator Pari Mutuel Urbain (PMU) has announced that for the first time in five years its annual revenue has increased. Detailing its provisional operating revenue for the year of 2017, PMU reported a 2% rise on the previous year with revenue of €9.92 billion. A significant factor in the growth came from the group’s international racing division, which …

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PMU elects Xavier Hurstel as Chief Executive & President

The Pari  Mutuel Urbain (PMU) management board have elected Xavier Hurstel as corporate President and Chief Executive. Hurstel replaces Philppe Germond who resigned from the position of Chief Executive last month to join European car rental operator Europcar. Hurstel has served a PMU Deputy Chief Executive since 2008, and had overseen various financial projects for the French horse racing operator. …

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Philippe Germond departs as PMU CEO

French betting and horse racing operator Pari Mutuel Urbain (PMU) have announced the departure of Chief Executive Officer Philippe Germond. Germond leaves after five years at the helm of the company, it is expected that General Director Xavier Hurstel will succeed Germond as CEO of PMU. The departure of Germond, sees PMU adopt a new management and strategy to overcome …

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