Atos names Philippe Salle as chairman and plans to invest €9M amid market value decline and restructuring.

Atos, a struggling French IT company, has appointed Philippe Salle as chairman, effective immediately, and he will assume the role of CEO in February. Salle plans to invest €9 million ($9.8 million) in the company, succeeding Jean-Pierre Mustier, who will remain CEO until January 31 for a smooth transition. Atos is currently undergoing restructuring amid a significant market value decline of over 90% this year, with a court hearing on its safeguard plan scheduled.

October 15, 2024
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