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Atos Hires Former Avanade Veteran As New North American CEO


Atos Hires Former Avanade Veteran As New North American CEO
Dave Seybold, also a former IBMer, is the French solution provider’s third North American CEO in just less than a year.
By
Donna Goodison May 27, 2021, 05:31 PM EDT
French solutions provider Atos has a new North America CEO – the third in just less than a year for the division, which generated about $3.2 billion in annual revenue last year or nearly a quarter of the company’s overall revenue.
Avanade and IBM veteran Dave Seybold is now leading Atos North America, replacing former CEO Bryan Ireton, who took the role last June 1 after serving as Atos’ senior vice president in charge of infrastructure and data management for North America. ....

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IT firm Atos' shares slump 18% after accounting issues disclosed


By Reuters Staff
2 Min Read
PARIS (Reuters) - Shares in French IT consulting firm Atos fell sharply on Thursday after the company disclosed that auditors had found accounting errors at two of the firm’s U.S. units.
FILE PHOTO: People walk in front of Atos company s logo during a presentation of the new Bull sequana supercomputer in Paris, France, April 12, 2016. REUTERS/Philippe Wojazer
Atos shares were down 18% in early trading on the Paris bourse, then recovered some ground and were trading down 13.8 % at 0805 GMT. Citi downgraded its outlook on the stock to neutral, citing the accounting issues.
The entities affected were Atos IT Solutions and Services Inc., and Atos IT Outsourcing Services LLC, which between them represent about 11% of Atos’s consolidated turnover, Atos said in a statement. ....

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Atos Stock Plummets After U.S. Accounting Errors Disclosed


Atos Stock Plummets After U.S. Accounting Errors Disclosed
‘Atos is committed to the highest standards, and the group is strongly enhancing its preventive controls and processes through a comprehensive action plan,’ Atos says in a statement.
By
Donna Goodison April 01, 2021, 01:51 PM EDT
French solution provider Atos took a big stock hit today after disclosing that auditors discovered accounting errors at two of its U.S. subsidiaries.
Shares of the Bezons, France-based company fell the most in almost 2.5 years, dropping more than 21.6 percent to a low of 52.14 euros on the Paris Euronext Market before closing at 58.26 euros, down 12.4 percent.
The accounting errors were tied to the U.S.-based Atos IT Solutions and Services and Atos IT Outsourcing Services, which represent 11 percent of Atos’ 2020 revenue for the year ended Dec. 31, 2020, and 9 percent of its operating margin. ....

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