Conduent Shares Decline Amid Board Reshuffle and Data Breach Fallout

Conduent shares finished Friday’s trading session lower, extending a difficult year for the technology services provider. The decline occurred despite the company announcing a significant addition to its board of directors, highlighting investor concerns that extend beyond governance changes.

The appointment of Michael J. Fucci, former Executive Chairman of Deloitte U.S. LLP, to the board of directors was announced with immediate effect. While CEO Cliff Skelton welcomed Fucci’s “profound business acumen and strategic vision” as crucial to the company’s growth plans, this positive development was severely undermined by ongoing repercussions from a major security breach.

A cyberattack initially detected in October 2024 has been revealed Read more...