Day of Reckoning for Atos as Break up-Up Plan, CEO Exit Spook Traders |  Expertise Information

Day of Reckoning for Atos as Break up-Up Plan, CEO Exit Spook Traders | Expertise Information

PARIS (Reuters) – French IT firm Atos spooked traders on Tuesday with a plan to separate its operations and promote property in addition to the departure of CEO Rodolphe Belmer, sending its shares plunging by greater than 25%. The departure of Belmer, who took over in January, follows weeks of studies of board divisions over revamping the corporate. Belmer and the board clashed over the destiny of cybersecurity unit BDS, sources near the matter have mentioned, as he was prepared to promote the enterprise whereas the board needed to retain it. Atos is deemed strategic by the French authorities for…

TOP