Video solutions provider Thomson S.A. (TMS) announced on Monday the appointment of Stéphane Rougeot as the Group's chief financial officer. Thomson said that Rougeot, who will join the Group from today, will take the place of Julian Waldron.
Boulogne-Billancourt, France-based company noted that Waldron resigned from his post to take up a similar position at Technip SA (TNHPF.PK,TKPPY.PK). Thomson and Waldron will work closely together to ensure a smooth transition.
Frederic Rose, chief executive officer, said, "We are delighted to welcome Stéphane Rougeot to the Group where he will also become a member of the new executive committee. Improved profitability, cash generation and debt reduction are Thomson's top priorities for the coming months"
Rougeot joins Thomson from France Telecom - Orange (FTE, FTE.L, FNCTF.PK), where he worked last as Group Controller. Rougeot joined France Telecom - Orange in 2003 and after several positions assumed the current post in 2007.
Rougeot has worked previously at Thomson as In charge-Investor Relations and then Corporate Communications.
Thomson provides solutions for the creation, management, delivery, and access of video for the Communication, Media & Entertainment industries. Its clients comprise of studios, broadcasters, content distributors like telco, satellite, and cable operators, as well as professional users of video.
TMS closed Friday's regular trading on NYSE at $1.41, up $0.05, or 3.68%, with a volume of 292,449 shares.
Whereas, FTE closed Friday at $25.32, down $0.03, or 0.12%, on a share volume of 811,030.
TNHPF.PK closed on Friday at $29.25, down $49.77, or 62.98%, while TKPPY.PK closed Friday at $30.30, up $1.25, or 4.30%, on a volume of 65,045 shares.
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