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Conduent Inc . (NASDAQ:CNDT), currently trading at $2.60 and down nearly 39% over the past six months, announced that its board of directors has appointed Harsha V. Agadi, a current board member, to succeed Scott Letier as chairman of the board. The change will take effect on August 6, 2025.
According to a statement released in a Securities and Exchange Commission filing, Scott Letier will become chair of the company’s audit committee on the same date. The company described the appointments as part of its periodic board refreshment process.
No other changes to board composition or executive roles were disclosed in the filing.
This information is based on a press release statement contained in a recent SEC filing.
In other recent news, Conduent Inc. reported its Q1 2025 earnings, revealing a revenue of $751 million, which did not meet the forecast of $784 million. The earnings per share (EPS) were in line with expectations at -$0.13. The company emphasized its focus on AI and fraud prevention initiatives, despite facing an 8.5% decline in revenue year-over-year. Adjusted EBITDA saw a slight increase to $37 million from $36 million in the previous year, with an improved margin of 4.9%. Conduent continues to work on reducing debt and repurchasing shares as part of its financial strategy. The company completed three divestitures in 2024, generating $800 million in net proceeds, and aims to generate an additional $350 million in 2025. Analysts noted the company’s efforts to strengthen its financial position and emphasized potential opportunities in fraud prevention and state-level services. Conduent’s full-year 2025 outlook remains unchanged, with expectations for revenue growth in the second quarter and the latter half of the year.
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