Feeds

Bull boss flees

Insists his job is done

  • alert
  • submit to reddit

Intelligent flash storage arrays

French server and services group Bull has lost its head. Chairman-to-be Didier Pineau-Valencienne resigned yesterday, after only two months in the job.

Pineau, who has overseen a debt reduction programme, was widely expected to be made chairman at a shareholders meeting on 25 May. That meeting is also expected to approve Bull's debt restructuring programme.

Pineau was appointed by Pierre Bonelli who died in April. Pineau insisted there had been no disagreement and that his work was done. He told AFP: "All the appropriate steps to meet that goal have been taken or will be in the very near future.

"Under these conditions I consider that the mission I acceped from Pierre Bonelli... is today accomplished and it is now up to Bull's old and new shareholders to take charge of the company."

There have been various rumours about fallings out on the board at Bull. French newspaper Les Echos reported that Pineau had serious disagreements with "certain shareholders - France Telecom has been mentioned - and/or part of the management".

Once it has sorted out who is going to be chairman, Bull needs to get European Commission approval for its debt restructuring programme. ®

Related stories

Bull mourns dead chairman
Groupe Bull feels cold steel of EU probe
Bull: government subsidies undermine EU dream

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.