In the midst of a crisis, Atos appoints a new boss, the stock plunges

2024-01-15 09:09:57

Published on Jan 15, 2024 at 8:39 amUpdated Jan 15, 2024 at 10:09 a.m.

Umpteenth reshuffle at the head of Atos. In the grip of a deep crisis, the former French IT flagship announced this Monday the appointment of its financial director, Paul Saleh, to the position of general manager. The share price has fallen by more than 15% since the opening, to around 4 euros.

Paul Saleh replaces the short-lived Yves Bernaert, who arrived in October, who leaves the group. After more than thirty years in consulting at Accenture, the 55-year-old manager lacked experience in IT, several industry observers agreed, which also explained the recent appointment of Carlo d’Asaro Biondo as ” general manager” in support of his position. For his part, in the press release, the person concerned explains his departure “due to a difference in point of view on governance to adjust and execute the strategy”.

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