Restructure at Cap Gemini Follows EY Acquisition

Posted by accountingweb on May 26 2000 151 printer friendly

Cap Gemini has announced its plans to restructure its operations based on the recent acquisition of the Ernst & Young Consulting Group.

First on the table is a new brand for the European company, and will most likely be a hybrid of both company names. However, the new name only can be used for four years under the rights in the agreement.

Also being changed is the company's governance structure, moving from a four-man directorate and a supervisory committee to a board of 11 members, including directors and an executive committee. The previous structure was considered to be a 'German' one, and put in place based on advice from investor Daimler Benz.

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