Éric Fottorino was ousted today as president of Le Monde's management board due to "differences of opinion" with the new owners and will be replaced by Louis Dreyfus, The New York Times reported.

Fottorino will continue to serve "temporarily" as member of Le Monde's board, El Mundo revealed. Yet, "management and publishing will no longer be this responsibility." He would also step down from his role as director but his replacement will be named early next year.

Photo source: Le Figaro

Five weeks ago, businessmen Pierre Bergé, Xavier Niel and Matthieu Pigasse became the new owners of the evening daily after it faced financial problems. According to ADP News, Fottorino opposed the cost-cutting measures proposed by the businessmen and had complained of being morally harassed by them.

Fottorino was named president of Le Monde's board in 2008, after having worked in the newspaper as a journalist and editor since 1986.