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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.
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Atos nombra presidente a Philippe Salle y planea invertir 9 millones de euros en medio de la caída del valor de mercado y la reestructuración.