VRB News
Virtual Reality Brisbane
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
No Result
View All Result
Home IT news

Atos loses chief executive after strategy dispute causes stock to crash

admin by admin
June 16, 2022
in IT news
0
Atos loses chief executive after strategy dispute causes stock to crash
0
SHARES
18
VIEWS
Share on FacebookShare on Twitter

Paris/Berlin In the struggle to realign the faltering IT company Atos, CEO Rodolphe Belmer takes his hat off and shakes shareholders with it. He will leave the company at the end of September, Atos announced on Tuesday at the start of Capital Markets Day. In the stock market, the news caused horror. The paper slumped 27 percent, falling to its lowest level since early 2009.

Meanwhile, the takeover speculation is piling up. The departure of Belmer, who had only taken over the reins at the start of the year, was preceded by protracted disputes with the Board of Directors about the strategy. Atos has recently surprised with two profit warnings and has lost two thirds of its market value in the past twelve months.

Atos wants to counter the ongoing headwinds with a new company structure and is considering splitting into two listed companies. For the restructuring, the company wants to take a total of 1.6 billion euros by 2023. Former Eutelsat CEO Belmer announced that non-strategically important assets in the amount of 700 million euros would be sold for financing. He is to be followed by two bosses – Nourdine Bihmane and Philippe Oliva. Both are to lead the respective companies in the event of a split.

Chief Financial Officer Uwe Stelter had already announced his withdrawal in March. According to media reports, the dispute between the Management Board and the Board of Directors focused on different ideas for the future of the cybersecurity division BDS, which is considered the crown jewel of Atos. While Belmer wanted to sell BDS, the board wants to hold on to the business.

Atos develops solutions for data management, business applications and cybersecurity. Similar to T-Systems, the French are increasingly focusing on the cloud business and see themselves as specialists for digital transformation. Atos employs more than 100,000 people worldwide – in Germany, after the recent job cuts, there are still around 9,000 employees.

Among other things, the former Siemens SIS division, which the Munich-based technology group sold to the French in 2011, has been merged into Atos. Since then, Siemens has been a major shareholder in Atos. Atos, in turn, was a major shareholder in the French payment processor Worldline for many years, but parted with its remaining stake on Tuesday night and sold shares worth 220 million euros again.

Previous Post

Palmer Luckey and Oculus face new lawsuit

Next Post

Terra LUNA: $2.7 billion gone? Coin stumbles

admin

admin

Related Posts

Image technology: Market researcher: Folding smartphones so far niche productssmall devices that can be folded to the size of a small tablet or a full-fledged smartphone – this is the principle of folding smartphones. So far, your sales are manageable. Will this change in the future? More…
IT news

Image technology: Market researcher: Folding smartphones so far niche productssmall devices that can be folded to the size of a small tablet or a full-fledged smartphone – this is the principle of folding smartphones. So far, your sales are manageable. Will this change in the future? More…

March 30, 2023
“I’m not a robot”: GPT-4 tricked a human to solve a Captcha
IT news

“I’m not a robot”: GPT-4 tricked a human to solve a Captcha

March 26, 2023
Selling things on the net: Online instead of flea market
IT news

Selling things on the net: Online instead of flea market

March 22, 2023
What are the advantages of software development by a dedicated team and by outsourcing
IT news

What are the advantages of software development by a dedicated team and by outsourcing?

March 20, 2023
Samsung reveals how the Galaxy Watch takes care of your sleep
IT news

Samsung reveals how the Galaxy Watch takes care of your sleep

March 20, 2023
Next Post
Terra LUNA: 2,7 Milliarden US-Dollar weg? Coin strauchelt

Terra LUNA: $2.7 billion gone? Coin stumbles

Premium Content

Vireio is preparing for the DK2, new version this Friday

September 13, 2022
Alaska Airlines offers virtual reality movies

Alaska Airlines offers virtual reality movies

January 12, 2022

Mail.ru Group has created a service for the advance PayDay

July 7, 2020

Browse by Category

  • Games
  • IT news
  • Tech
  • World

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • Image technology: Market researcher: Folding smartphones so far niche productssmall devices that can be folded to the size of a small tablet or a full-fledged smartphone – this is the principle of folding smartphones. So far, your sales are manageable. Will this change in the future? More…
  • “I’m not a robot”: GPT-4 tricked a human to solve a Captcha
  • Selling things on the net: Online instead of flea market

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?