Feeds

Bull boss flees

Insists his job is done

  • alert
  • submit to reddit

Internet Security Threat Report 2014

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

Beginner's guide to SSL certificates

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
HBO shocks US pay TV world: We're down with OTT. Netflix says, 'Gee'
This affects every broadcaster, every cable guy
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
French 'terror law' declares WAR on the INTERNET itself, say digi-rights folks
Liberté, Égalité, Fraternité: Two out of three ain't bad
SCREW YOU, EU: BBC rolls out Right To Remember as Google deletes links
Not even Google can withstand the power of Auntie
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
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

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.