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Atos: a general meeting with knives drawn

6/27/2023, 5:28:57 PM

Highlights: The tension has shifted but it is still palpable at Atos. At the heart of the conflict: the questioning of the group's governance. Through the tabling of five resolutions, Sycomore AM calls for the dismissal of Bertrand Meunier, President and CEO of Atos, as well as the resignation of Rodolphe Belmer, CEO of the French technology group. The rebels consider harmful to the strategy, in view of the company's performance in recent years. This article is for subscribers only. You still have 89% to discover. Back to the page you came from.


STORY - The tea towel has been burning for months between the board of directors and long-term shareholders.

The stormy months of June follow one another at Atos. The tension has shifted but it is still palpable. On June 14, 2022, the deep disagreement between the general management and the board of directors on the best scenario to adopt for the future of the French technology group led to the resounding resignation of Rodolphe Belmer on the same day as the presentation of the strategic plan. This year, the open conflict before the general meeting on June 28 is between the board of directors and three long-term minority shareholders of Atos, led by the asset management company Sycomore Asset Management, who together account for more than 3% of the capital and voting rights of the company.

At the heart of the conflict: the questioning of the group's governance, which the rebels consider harmful to the strategy, in view of the group's performance in recent years. Through the tabling of five resolutions, Sycomore AM calls for the dismissal of Bertrand Meunier, President...

This article is for subscribers only. You still have 89% to discover.

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