Dassault Systemes said that Chief Executive Pascal Daloz would replace co-founder Bernard Charles as executive chairman.
The French software company said on Saturday that Charles would leave his positions on the board and was stepping down as executive chairman for personal reasons.
Charles said he has confidence in CEO Daloz to fill the role, after working with him for 25 years. The co-founder will remain engaged with Dassault's artificial intelligence offering, 3D UNIV+RSES.
Dassault said in June that it was planning to double earnings--excluding exceptional items--by 2029 through the scale up of its AI project, as well as capital allocation like M&A.
Dr. Bernard Charlès is a Chairman & Chief Executive Officer at Exa Corp., an Independent Director at Sanofi, a Member at National Academy of Engineering, a Vice Chairman & Chief Executive Officer at Dassault Systèmes SA, a Chairman at Centric Software, Inc., a Chairman at Dassault Systèmes Corp. and a Chairman at Dassault Systemes Geovia, Inc. He is on the Board of Directors at Sanofi and Dassault Systèmes SA. Dr. Charlès was previously employed as a Chief Executive Officer & Vice Chairman by Exalead SA, a Member by Académie des Technologies, a Chairman-Supervisory Board by Dassault Systemes 3DExcite GmbH, a Chairman by Dassault Systemes Biovia Corp., a Chairman by Dassault Systèmes Canada Software, Inc., a President by Dassault Systèmes Canada, Inc., a Chairman by Dassault Systemes Enovia Corp., a Chairman by Dassault Systemes Simulia Corp., a Chairman by Dassault Systemes Solidworks Corp., a Chairman by Delmia Corp., and a Chairman by IQMS. He also served on the board at Business Objects Holding SAS. He received his undergraduate degree from École normale supérieure Paris-Saclay.
Dassault Systèmes SE is the world leader in developing and marketing product life cycle management software. Net sales break down by family of products and services as follows:
- software (90.5%): product process optimization software and 3D design software for the following markets: general mechanical, automotive, aeronautics, consumer goods, electricity, and electronics, and factory design and naval construction. In addition, the group offers update and technical support services;
- services (9.5%): technological consulting and training services.
Net sales are distributed geographically as follows: France (16.1%), Germany (4.9%), Europe (11.8%), the United States (47.1%), Americas (1.3%), Japan (6.6%), and Asia (12.2%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
