on WORLDLINE (EPA:WLN)
Worldline Announces Governance Changes and Trading Update
Worldline has announced significant changes in its governance structure. Gilles Grapinet will depart as CEO and Board member, effective September 30, 2024. The Board has appointed Marc-Henri Desportes as interim CEO.
An international search for a new CEO is underway, led by the Chairman and Nomination Committee. In the meantime, Marc-Henri Desportes will handle daily operations and steer the company's strategic decisions.
Worldline continues to focus on implementing its Power24 plan, aimed at transforming the company to be more client-centric, drive innovation, and enhance operational efficiency.
The company also revealed an update to its FY2024 guidance due to slow trading conditions over the summer. Revenue growth is expected to be around 1.0%, adjusted EBITDA is projected at €1.1 billion, and free cash flow at €0.2 billion.
R. E.
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