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Capgemini Intends to Hire New CFO Next Month
October 19, 2012
Capgemini’s Chief Financial Officer, Nicolas Dufourcq, announced that he will be stepping down from his role this week. Dufourcq said he will be accepting a position with France’s new public investing bank. The new state owned bank is committed to stimulating economic growth throughout the region by lending to small and medium sized businesses. Jean Pierre Joyet, head of the new bank, said he chose to hire Dufourcq for his commendable reputation in the financial industry.
Shares initially dropped more than 4% when news of Dufourcq’s departure was first released. Prices rebounded later in the day, but investors are concerned about the future of the company. Capgemini CEO Paul Hermelin has assured investors that they are in the process of looking for a new CFO. The firm intends to hire a new executive to fill the position in November.
Despite Hermelin’s assurances, investors remain cautious about the news. Dufourqc was renowned as one of the best financial executives in France. He helped the firm maintain financial growth in spite of the European debt crisis. They are skeptical that a new CFO will be able to help Capgemini achieve growth in the coming years.