Pascal Daloz Replaces Bernard Charlès as CEO of Dassault Systèmes

French technology giant Dassault Systèmes has made a sudden change at its highest executive level. The former Chairman and CEO, Bernard Charlès, has stepped down, and the supervisory board unanimously appointed the current Chief Operating Officer, Pascal Daloz, in his place. The decision took effect on February 21. The official reason for the departure of Charlès, who led the company for many years, is "personal reasons." Dassault Systèmes was founded in 1981 as a subsidiary of the aviation giant Avions Marcel Dassault. The company played a key role in the digitalization of industry, developing its flagship CATIA software, which became a standard in aerospace, automotive, and many other sectors. Bernard Charlès was closely associated with the company since the 1980s, holding various management positions before becoming CEO. However, the management change did not come as a complete surprise to market observers. It occurred in the context of difficulties the company is facing. Dassault Systèmes shares have recently experienced a sharp decline on the stock exchange, which, according to Bloomberg analysts, undermined the company's position as a "jewel" in the family-owned Dassault Group, which is at the heart of the French defense industry. The recently announced annual financial results were also considered disappointing by investors, which may have accelerated the decision for changes. „Bernard Charlès a décidé de quitter le groupe "pour raisons personnelles".” (Bernard Charlès has decided to leave the group ) — Dassault Systèmes Press Release Pascal Daloz, who now combines the roles of Chairman and CEO, faces the task of reversing the negative trend and restoring investor confidence in one of the pillars of French technology. Chronology of the Leadership Change at Dassault Systèmes: February 21 — Decision Takes Effect; February 22, 09:06 — First Media Report; February 22, 09:20 — Broader Coverage; February 23, 16:03 — Analysis of Stock Market Context This is not the first significant change in the management of the French giant. The company, which maintained stable leadership for decades, must now face new challenges in the competitive industrial software market. It is worth noting that the defense and aerospace industry, a historical client of Dassault, is also undergoing transformation, which may affect orders. The new Chairman will need not only to calm sentiments in the capital market but also to chart a new development strategy in an era of accelerated digitalization and growing competition.