French aircraft equipment manufacturer Zodiac Aerospace—which is being acquired by Safran—has posted a €12 million ($13.1 million) interim operating loss, triggering CEO Olivier Zarrouati to offer his position. “Olivier Zarrouati has placed his mandate as CEO at the disposal of the board of directors. Even if the recent results were disappointing, the board of directors recognized his outstanding achievement over his 10-year tenure. The total shareholders’ ...

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