French tech group Atos names new CEO and delivers cash flow warning.

French technology company Atos named Paul Saleh as its new chief executive on Monday and warned that free cash flow would be slightly below its initial target for the second half of the year, sending its share price tumbling. Atos said Saleh, currently chief financial officer, would become CEO - the company's fourth in less than two years as it has grappled with a series of profit warnings. Atos shares were down by 16% in early trading. The stock has fallen by about 40% since the start of the year.

January 15, 2024
15 Articles