Altran Shareholders Set Stage for CEO Ouster

Shareholders of the French technology consultancy Altran voted in two new board nominees—Philippe Salle and Monique Cohen—setting the stage for the ouster of Chief Executive Yves de Chaisemartin, Reuters reported. Top shareholder Altrafin Participations, which is controlled by private equity firm Apax Partners, wants to replace Chaisemartin with Salle. The new board appointments gives Apax six out of ten seats on the company's board, enough to force a vote to replace Chaisemartin, Reuters wrote.

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