Capgemini appoints Aiman Ezzat as CFO
Leader of its global financial services unit takes CFO’s post
By CFOWorld.co.uk staff | CFO UK | Published 13:46, 14 December 12
Capgemini Group has appointed Aiman Ezzat to succeed Nicolas Dufourcq as group CFO effective immediately.
In a statement on Thursday, the company said Ezzat has nearly 20 years’ experience within Capgemini with a deep knowledge of its operations. He was the 'ideal' candidate who received the board’s backing.
Ezzat has worked in many countries where Capgemini has a presence, notably the UK and US, where he lived for over 15 years. Following the company's acquisition of the Indo-American IT services company Kanbay, in 2006, he became the leader of Capgemini's new global financial services unit.
Announcing his appointment, CEO Paul Hermelin said, "Naming as CFO a proven line manager, with a strong experience and a detailed knowledge of the current as well as targeted economic model of the Group is a great asset for Capgemini. Aiman Ezzat has a proven track record having designed, in 2004 and 2005, major turnaround plans for North America and outsourcing."
Commenting on his appointment, Aiman Ezzat, said, "I am proud to lead a talented finance team that has contributed, under the leadership of Nicolas Dufourcq, to considerably strengthen Capgemini’s ability to withstand economic fluctuations. With the growth of its portfolio of value added offerings and the accelerated development of offshore, the Group holds a strong competitive position."
On a related note, Capgemini confirmed both its objectives for revenues (organic growth in excess of 1 percent) and profitability (operating margin over 7.5 percent) for the 2012 financial year. For 2013, the Group reiterated its ambition for an increased operating margin versus 2012. A corporate update is expected on 21 February, 2013.
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