Atos CFO Lhopiteau to exit as company pursues planned split

(Reuters) – French IT firm Atos has introduced the departure of Chief Monetary Officer Stéphane Lhopiteau days after a poorly acquired plan to separate its operations and promote belongings, set out final week together with the departure of CEO Rodolphe Belmer.

Lhopiteau will depart within the second half of this yr, Atos mentioned on Sunday, and will probably be succeeded by Nathalie Sénéchault, 49, at the moment deputy CFO.

Atos introduced the departure of Belmer on June 14 after what sources near the matter advised Reuters mentioned had been a conflict with the remainder of the board over the destiny of cybersecurity unit BDS, as he was keen to promote the enterprise whereas the board wished to retain it.

Shares within the firm fell sharply after the announcement.

Atos plans to spin off BDS and mix it with its companies operations. The remaining a part of the corporate would come with the loss-making IT infrastructure administration companies enterprise.

In a press release Atos mentioned the deliberate group separation would lead to a whole reorganization of group and its finance division, noting new CFOs had already been named for the 2 new entities: Anil Agrawal for the BDS and digital unit Evidian, and Darren Pilcher for the remaining enterprise New Atos.

“Lhopiteau will depart the group throughout the second half of the yr, when the separation is effectively on observe,” Belmer mentioned within the assertion.

(Reporting by Akanksha Khushi in Bengaluru; Enhancing by Raissa Kasolowsky and David Holmes)

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