Bull names ex-IBM chief as new CEO

2nd December 2004, Comments 0 comments

PARIS, Dec 2 (AFP) - Bull, the troubled French computer technology firm, said Thursday it had named Didier Lamouche as chief executive of the group.

PARIS, Dec 2 (AFP) - Bull, the troubled French computer technology firm, said Thursday it had named Didier Lamouche as chief executive of the group.

Lamouche, previously an IBM vice president in charge of global industrial semiconductor operations, is to assume the post on February 1, 2005, Bull said in a statement.

Bull also "welcomed" Wednesday's approval by European Union competition authorities for the company to receive French state aid of EUR 517 million (USD 690.3 million) on condition the company repays previous aid first.

The company, once a showcase for French computer technology, has lurched through six years of losses, but after a recent restructuring Bull swung into net profit of EUR 1.3 million in the first half of this year.

© AFP

Subject: French News

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