Day of reckoning for Atos as split-up plan, CEO exit spook investors

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Reuters UK

By Mathieu Rosemain PARIS (Reuters) – French IT company Atos spooked investors on Tuesday with a plan to split its operations and sell assets as well as the departure of CEO Rodolphe Belmer, sending its shares plunging by more than 25%. The departure of Belmer, who took over in January, follows weeks of reports of board divisions over revamping the company. Belmer and the board clashed over the fate of cybersecurity unit BDS, sources close to the matter have said, as he was willing to sell the business while the board wanted to retain it. Atos is deemed strategic by the French government for i…

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