Altran Technologies: Dominique Cerutti appointed new CEO of AltranBUY, Fair Value EUR10 (+7%)
Yesterday evening Altran announced the appointment of Dominique Cerutti as new Chairman & CEO as of 29th July 2015. Currently CEO of Euronext, he had been working for IBM for 23 years, where he participated in the definition and implementation of its strategy, then headed IBM Global Services, then the IBM group, in the EMEA region. We see this news as a positive for the share price as Mr Cerutti, in our view, has the capabilities to define and implement the right 2016-2020 plan for Altran, which will imply the achievement of significant transformation and growth.
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