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Unisys Names J. Edward Coleman as Chairman and CEO(Wireless News Via Acquire Media NewsEdge) Unisys, an information technology services and solutions company, announced that its Board of Directors has elected J. Edward (Ed) Coleman as the company's new chief executive officer. Coleman's election includes both the Unisys chairman and CEO roles. Henry (Ric) Duques will relinquish his non-executive Chairman title but become lead director on the Board. Coleman succeeds Joseph W. McGrath as Unisys CEO. The company announced last month that McGrath was stepping down as president and CEO. Coleman is a recognized leader in driving corporate transformations and turnarounds in the information technology (IT) industry. A 30-year veteran of the IT industry, he has led significant transformational and business expansion efforts at such companies as Gateway, CompuCom, and Arrow Electronics Enterprise Computing Solutions Group. In his most recent role as CEO of Gateway, he successfully restructured the company through a series of strategic initiatives and tightly focused the business on its core markets, culminating in its acquisition by Acer. At Arrow Electronics, he led the company's expansion of its computing solutions business into international markets and grew its portfolio to emphasize software and services. As CEO and chairman of CompuCom, an IT services and solutions provider, he successfully transformed the company's model to a services-led business from its product reseller legacy. Earlier in his career, Coleman served in various leadership roles at Computer Sciences Corp., where he was instrumental in growing its IT outsourcing business and integrating the company's outsourcing, systems integration and management consulting capabilities. Coleman spent 17 years at IBM in various executive positions. "Ed Coleman is the right leader to take Unisys to the next stage of its transformation," said Ric Duques. "He has a strong track record of helping IT companies successfully narrow their business focus and build on core strengths to drive revenue and earnings growth. Throughout his career he has shown himself able to drive change from vision to execution, with a proven focus on operational improvement. The Board is confident that Ed will provide the leadership needed to tap the company's potential and drive shareholder value." "I am thrilled to join Unisys," Coleman said. "This is a company with a long and rich heritage, quality services and solutions, deep industry expertise, excellent technology, and most of all, a highly talented and committed work force. These are tremendous assets to work with, and I look forward to working with the people of Unisys to create an exciting new future for this company." Unisys said it plans to release its third-quarter 2008 financial results before the market opens on Thursday, October 30. The company will hold a conference call with the investment community that morning at 8:15 a.m. ET, during which Coleman expects to offer his initial views on the company. ((Comments on this story may be sent to [email protected])) ((Distributed on behalf of 10Meters via M2 Communications Ltd - http://www.m2.com)) ((10Meters - http://www.10meters.com)) Copyright ? 2008 Wireless News |