Teleperformance shares focus on governance restructuring Via Investing.com
Investing.com — Stocks of Teleperformance (EPA:) fell on Thursday after the digital business services company announced changes to its corporate structure.
At 4:33 am (0833 GMT), Teleperformance was trading 5.7% higher at €99.40.
As part of the restructuring, Moulay Hafid Elalamy was appointed as Chairman of the Board of Directors, Mr. Daniel Julien was reconfirmed as CEO of Teleperformance Group.
“However, Mr Singh's departure may worry investors as he was appointed as CEO on Feb-24 and the company highlighted his digital leadership due to his previous role as Group Transformation Officer of TEP and CEO of digital BPO company Internet,” analysts said. . at UBS Global Research.
Mr. Thomas Mackenbrock will take over as Deputy CEO from October 1, 2024, succeeding Mr. Bhupender Singh, who left the Group for new opportunities.
“The successor of Mr. Julien as CEO may also be the returning Thomas Mackenbrock, instead of leaving Bhupender Singh,” said UBS Global Research analysts.
This succession will be managed by the Ad Committee, which includes Elalamy, Julien, and Mackenbrock, to ensure a smooth transition and continuity in leadership.
“Overall, we believe today's announcement could be considered a governance boost, given the additional clarity on Daniel Julien's long-term role,” UBS analysts said.
