Axway Software: Jean-Marc Lazzari appointed new CEONEUTRAL, Fair Value EUR20 (-1%)
Yesterday Axway announced the appointment of Jean-Marc Lazzari as the new CEO, in replacement of Christophe Fabre - for whom the terms of office as director and CEO will expire at the next AGM. Self-educated, Jean-Marc Lazzari has been a “serial entrepreneur”, and has 20-years experience as a senior manager of IT/Telecom companies (IBM, Unisys, Logica/CGI, SFR). Participating in Axway’s future medium-term strategic plan, we deem he has the trust of Chairman Pierre Pasquier. There may be some uncertainty on the short-term share price reaction due to the sudden CEO change, so Mr. Lazzari has to reassure investors – which can be done for the H1 15 results in July.
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