Atos announces major restructuring plans in wake of CEO exit
Tuesday 14 June 2022
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France-based IT company Atos has announced plans to restructure in the wake of the sudden resignation of its CEO, Rodolphe Belmer. The plan to split its operations and sell assets saw the company's shares fall by more than 25% Tuesday.
The potential separation will see Atos split up into two publicly listed entities: SpinCo will include company's Evidian subsidiary, bringing together Atos' big data and security (BDS) business units, and overseen by Philippe Oliva; TFCo will house Atos' legacy Tech Foundations unit and be managed by Nourdine Bihmane.
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