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Investing.com -- Sopra Steria shares fell 4% following the unexpected announcement that CEO Cyril Malargue is leaving the company.
The departure was disclosed Wednesday after market close. Malargue has been with Sopra Steria for 22 years and has served as CEO for nearly 4 years.
Sopra Steria emphasized that the leadership change is not related to company performance and reconfirmed its full-year guidance. The company will proceed with its scheduled third-quarter sales publication on October 29.
Malargue will be moving to Alten, where he will assume the CEO position in early 2026. Alten has reportedly been searching for a new chief executive to succeed Simon Azoulay, who will remain as chairman when the company separates its chairman and CEO roles.
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