Alten announced on Friday evening the departure of its Chief Operating Officer, Gérald Attia, who has decided to devote himself to a new professional project.
Gérald Attia joined Alten when the company was founded 33 years ago, and since 1998 has held the position of Chief Operating Officer in charge of Development and International 2 (Asia, North America and Eastern Europe).
He was also a member of the company's Board of Directors.
In a reaction note, analysts at Invest Securities point out that the executive played a "crucial" role within the technology group, of which he was in charge of almost 40% of the business, since he headed up the geographical areas generating the main organic growth.
His departure, which is not expected to be replaced at this stage, could have a temporary impact on the company's business, and will certainly raise questions", continues the brokerage firm.
"Alten's organization and seriousness in terms of execution could nevertheless limit this impact", adds Invest.
On the Paris Bourse, Alten shares were up 0.8% in early trading on Monday morning, compared with a 1% rise for the SBF 120 index.
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Alten is European's No. 1 high-technology consulting and engineering group. The group's services are supplied to technical departments and IT system departments at large industrial, telecom, and utility companies. The activity is organized into 3 areas:
- technology engineering and consulting services: studies, design, and execution of research and development projects for new products/systems, consulting services, project management assistance, etc.;
- development of network architectures: design of terminals and network equipment, deployment and operation of networks;
- development of information systems: implementation or redesign of information systems and development of specific applications.
Net sales break down by market into automotive and rail (20.9%), trade/services/media/public sector (18.4%), aeronautics and space (14.8%), industries (9.4%), banking/finance/insurance (9.1%), life sciences (8.3%), energy (7.3%), defense/security/maritime (6.5%) and telecoms (5.4%),
Net sales are distributed geographically as follows: France (31.9%), North America (11.9%), Germany (9%), Spain (9.1%), Asia-Pacific (7.9%), United Kingdom (7.7%) , Italy (7.7%), Benelux (5.6%), Scandinavia (4.4%), Eastern Europe (2.8%), Switzerland (1.5%) and others (0.5%).
ALTEN 
