There are two vacant seats on the board, Atos additionally revealed Wednesday, because it introduced the resignation of 4 of its 11 members and the appointment of solely two replacements. It additionally introduced the substitute of the employees consultant on the board because the earlier consultant’s time period of workplace had expired. Two different board members, together with chairman Bertrand Meunier, stepped down in 2023.

Along with the revolving solid within the board room, Atos has seen a succession of CEOs over the previous couple of years. Lengthy-standing CEO Thierry Breton left the corporate in 2019 to turn out to be France’s European Commissioner. He was changed by then-CFO Elie Girard, who lasted till December 2022. His successor, Rodolphe Belmer was changed after simply seven months by Nourdine Bihmane.

Belmer’s departure adopted a bitter dispute with activist shareholders, who unsuccessfully tried to nominate former SAP CEO Léo Apotheker, who spent an ill-fated 12 months as head of HP, to the board.

Bihmane lasted three months within the high job earlier than returning to his function as CEO of the longer term spin-off, Tech Foundations, making means in October 2023 for former Accenture government Yves Bernaert to take over as CEO of Atos.

These will not be the one adjustments on the high: CFO Saleh joined the corporate in August 2023, and board member Carlo d’Asaro Biondo, a former Google government, took over as Atos’ group basic supervisor in December 2023.

With a lot churn on the high, it’s little marvel Atos is struggling to make progress with its break-up.

The IBM/Kyndryl instance

The monetary success of Kyndryl’s cut up from IBM could also be one other issue weighing in opposition to Atos. Because the two corporations’ separation in November 2021, IBM’s inventory worth has steadily risen by round $40, whereas Kyndryl’s has halved, from round $40 to $20, making legacy infrastructure administration appear to be an unattractive funding.  

Going its personal means was presupposed to allow Kyndryl to return to development by exploring new and extra worthwhile income streams. Two years on it continues to report year-over-year declines in income, though its losses are shrinking, too.

Nonetheless, Kyndryl is steadily remodeling its enterprise, multiplying its trade partnerships and increasing into the monitoring and administration of extra trendy infrastructure with companies reminiscent of its open integration platform, Kyndryl Bridge.

If Atos succeeds with its break-up plan, then Kyndryl’s expertise suggests the work for inside IT employees at Tech Foundations can be solely the start. Kyndryl CIO Michael Bradshaw spent the primary two years following the cut up rebuilding the corporate’s ERP and HR platforms to perform with out IBM infrastructure, at the same time as he reshaped techniques to help the corporate’s new exercise.