02/12/25 -"Size Without Leadership"
ALSTOM
AlphaBlunt!
02/12/25 -"Size Without Leadership"
• Size is not yet reflected in performance, four years after the merger with Bombardier.
• The increase of the French State’s shareholding and the time taken to replace Henri Poupart-Lafarge raise questions about the Board of Directors’ expectations.
• Martin Sion, the new Chief Executive Officer, starts with a double handicap.
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