French IT consultancy Capgemini has promoted its Chief Operating Officer (COO) Aiman Ezzat to the position of Chief Executive Officer (CEO).
Ezzat will take the baton from the current CEO Paul Hermelin in May next year. Hermelin will still remain chairman of the board, the Paris-based technology provider has stated in a press release.
Fifty-years-old Ezzat took charge as chief operating officer in January last year, having served the company for nearly 20 years. He was the architect of Capgemini’s acquisition of Kanbay, a global IT services firm focused on the financial services industry.
Ezzat reportedly began his career as a salesman at IBM and also served Genpact for a while.
Capgemini posted US$14.51 billion in annual revenue last year, up 5.4% from US$13.78 billion it generated in the previous year. But its profit is shrinking while it is investing heavily in employee training to keep pace with the rapid changes in the technology market.
Across the world, it has employed around 216,000 people, with more than 50% of them based in foreign countries.
These days it is focusing more on digital transformation services. Three months ago, it announced plans to purchase engineering and R&D services provider Altran in a massive US$4.1 billion deal.
With delivery centers in more than 30 countries and nearly 47,000 employees, Altran reported US$3.3 billion in annual revenue for 2018.
Congratulations, well deserved.