Altice USA Replaces its Procurement Head in Probe (Correct)

Altice USA has replaced Yossi Benchetrit as its head of procurement as an investigation linked to suspected fraud in the Altice group widens.

Jennifer Yohe, a 25-year procurement veteran, has been hired to replace Benchetrit, who has been on leave since the beginning of the probe, Chief Executive Officer Dennis Mathew said on a conference call with analysts to discuss quarterly results. The company is also reviewing all supplier and vendor relationships and will pause some capital spending until the probe is complete.

Benchetrit is the son-in-law of Altice co-founder Armando Pereira, who was detained in Portugal on ...