Altran Names New CEO After Apax Secures Chaisemartin’s Ouster

Altran Technologies SA (ALT) ousted Chief Executive Officer Yves de Chaisemartin and named Philippe Salle to replace him after Apax Partners LLP won two more seats on the company’s board.

Salle was appointed to the post after shareholders approved his nomination to the board at their annual meeting, the technology consulting company said yesterday in a statement on its Web site.

Altran’s new CEO will “focus on accelerating its growth and increasing its performance,” according to the company statement. Salle, 46, formerly held positions with Vedior France and Geoservices Group, where he served as chairman and managing director until March.

Chaisemartin had acknowledged efforts by Apax to remove him and said in a June 7 interview with Les Echos he was “willing to help” the fund sell its 19.2 percent Altran stake by 2013, pledging to raise the operating margin to 10 percent within two years.

To contact the reporter on this story: Laurence Frost in Paris at lfrost4@bloomberg.net

To contact the editor responsible for this story: Vidya Root in Paris at vroot@bloomberg.net

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