Dominique Cerutti

Dominique Cerutti
Born Dominique Cerutti
(1961-01-03)January 3, 1961
Residence France
Nationality French
Education ESTP
Occupation Chairman and CEO of the Altran group
Spouse(s) married
Children 2

Dominique Cerutti (born January 3, 1961 in Manosque, France) is a French businessman and has been Chairman and CEO of the Altran group since June 2015. Altran is a consultancy for innovation and high technology engineering.

Career

Early career

Dominique Cerutti began his career as an engineer for French company Bouygues Construction in Saudi Arabia, where he was based for nearly two years.

IBM

He moved to IBM in 1986 starting out in sales engineering and sales management. He remained at IBM for more than 20 years.

At IBM, he was promoted to his first management position in 1996 as the Director of Personal Systems Group for Western Europe.[1]

Over the following decade, Cerutti ascended the ranks of IBM, and worked in roles that were particularly international. In 1998, he became Executive Assistant to the Chairman and CEO, Lou Gerstner.

In 2000, he moved to IBM Global Services, the leading market services provider in Europe, first as General Manager for Western Europe and then for the whole EMEA region.[2] He managed tens of thousands of employees in 17 different sectors.[3] In 2005, Cerutti became IBM’s General Manager for Europe, Middle East and Africa.[4]

According to his former IBM colleagues, Cerutti starkly contrasted with the company’s generally diffident management style, and preferred to clearly outline strategies for his teams.[5]

NYSE-Euronext

In 2009 Dominique Cerutti left IBM to join NYSE Euronext, the global exchange group, as President and Deputy CEO. He was also CEO of Euronext NV, the European subsidiary of NYSE Euronext, and Chairman and CEO of Euronext Paris.[6] In 2010, he was appointed as Board Member of the Group.[7] He undertook one of his first notable projects as a member of the Board: compliance with the EU’s Markets in Financial Instruments Directive. According to him, this directive decreased transparency in financial markets by allowing the creation of alternative exchange platforms at a time when “the need for transparence has never been so acute.” [8]

In November 2013, he moved up from Deputy CEO of NYSE to become the CEO of Euronext.

In June 2014, he oversaw Euronext’s IPO as an independent company after it separated from parent company ICE. As CEO of Euronext, he turned around the strategy of the group, moving away from the legacy of his predecessor, Jean-François Théodore.[9] In September 2014, he embarked on a program to increase operational savings by €60 million over the next three years, with the goal of achieving a 5% annual revenue growth and improve the company's long-term EBITDA margin from 42% to 53%.[10]

Cerutti has also spoken against the European Commission's proposal of a financial transactions tax, arguing that "the political intention of creating such a tax is a noble one, but the current form of the proposal is counter-productive […] this tax is truly the last thing we need now.“[9] He has also spoken out in favor of increased market regulation and transparency as the main way of reducing risk.[11]

During his time as CEO, Euronext once again became independent and had an IPO in its own markets.[12] According to Rijnhard Van Tets, president of Euronext's Surpervisory Board, "Under his direction, the company was able to successfully re-position itself as the leading independent European stock market." [13]

Altran

Dominique Cerutti has been Chairman and CEO of the Altran group since June 2015. Altran is a consultancy for innovation and high technology engineering.

Honors & Awards

The French weekly news magazine Option Finance named Dominique Cerutti is its ranking of the top 50 newsmakers of 2014.[12] In November 2015, Dominique Cerutti announced his five-year strategic plan, "Altran 2020. Ignition." The plan aims for the firm to reach 3 billion euros in revenue in five years and a big increase in profitability. [14] [15]

Family background and personal life

Dominique Cerutti is married and the father of two children. He is passionate about jogging and diving.[9]

References

  1. ↑ "intercontinentalexchange gro (ICE:New York)". Businessweek.
  2. ↑ "Dominique Cerutti profile". Linkedin.
  3. ↑ "Dominique Cerutti rejoint NYSE Euronext". Le Figaro (in French). October 1, 2009.
  4. ↑ "NYSE Euronext picks IBM veteran Cerutti". Financial Times.
  5. ↑ "Dominique Cerutti, le nouveau profil d'IBM". Usine Nouvelle (in French). 2001-08-23.
  6. ↑ "Dominique Cerutti". Forbes.
  7. ↑ "NYSE Names Cerutti to Succeed Theodore as Deputy CEO (Update1)". Bloomberg. 2009-10-01.
  8. ↑ "Dominique Cerutti met en garde contre l'opacité des marchés actions". lesechos.fr. Retrieved 2015-11-26.
  9. 1 2 3 "Portrait : Dominique Cerutti, CEO, Euronext". Leaders League. September 26, 2014. Retrieved October 13, 2014.
  10. ↑ "Cerutti outlines multi-asset class vision for Euronext". Trade News. June 10, 2014. Retrieved October 13, 2014.
  11. ↑ "Dominique Cerutti (Euronext) : "Se repositionner comme un centre majeur de levée de capitaux"". Leaders League. September 24, 2014. Retrieved October 13, 2014.
  12. 1 2 "Les 50 qui ont fait l’actualité en 2014". www.optionfinance.fr. Retrieved 2015-11-26.
  13. ↑ "Dominique Cerutti va quitter Euronext pour diriger Altran". ladepeche.fr. Retrieved 2015-11-27.
  14. ↑ "Altran voit les choses en grand pour 2020". lesechos.fr (in French). Retrieved 2016-02-01.
  15. ↑ "Altran dévoile son plan stratégique : « Altran 2020. Ignition »". www.altran.fr (in French). Retrieved 2016-02-01.
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