Unisys Names McGrath Chief Executive Officer Ef...
Unisys Corporation
The Board of Directors of Unisys Corporation (NYSE:UIS)(LSE:USY) announced today
that Unisys President and Chief Operating Officer Joseph W. McGrath, 52, will
become President and Chief Executive Officer of Unisys effective January 1,
2005. Current Unisys Chairman and CEO Lawrence A. Weinbach, 64, will continue as
chairman through January 2006.
Today's announcement is the result of a succession planning process undertaken
by the Board of Directors over the last several years. In April 2004, the Board
had elected McGrath president and chief operating officer. Prior to this role,
McGrath had been corporate executive vice president and president, Enterprise
Transformation Services (ETS), at Unisys.
'Joe is the right person with the right skills to lead Unisys at this point in
our evolution,' Weinbach said. 'In the five years that Joe and I have worked
together, he has made major contributions to our successful transformation to a
services-led, technology-enabled provider. Through his vision and leadership, we
have transformed the skills and profile of our services business, moved into
higher value-added businesses, launched the leading-edge Unisys 3D Visible
Enterprise strategy, and achieved good growth in our consulting and systems
integration and outsourcing businesses. I am confident that he will lead the
company to accelerated profitable growth in the years to come.'
'I am extremely excited by this opportunity,' McGrath said. 'I believe we are at
an inflection point in the development of the IT services industry - a time when
clients are looking for providers with deep industry expertise, in-depth
technology understanding, and end-to-end, standards-based services offerings.
Because of our work in recent years, Unisys today is positioned to capture this
opportunity. We have the right strategy, the right portfolio, and the right
people and skills to be a force in this industry, and I look forward to leading
the company to the next level of success.'
McGrath joined Unisys in January 1999 as senior vice president of major accounts
sales and chief marketing officer. Since that time he has held a number of key
management positions, including president and COO and president of Enterprise
Transformation Services. Prior to joining Unisys, he was vice president and
general manager of Xerox Production Color Systems, and held a number of other
sales, marketing and management roles there from 1989 to 1998. He joined Xerox
from the Gartner Group, a worldwide information technology firm, where he was
vice president and service director. McGrath holds a bachelor's degree from
Rutgers University.
About Unisys
Unisys is a worldwide information technology services and solutions company. Our
people combine expertise in consulting, systems integration, outsourcing,
infrastructure and server technology with precision thinking and relentless
execution to help clients, in more than 100 countries, quickly and efficiently
achieve competitive advantage. For more information, visit www.unisys.com.
RELEASE NO.: 10228459
http://www.unisys.com/about__unisys/news_a_events/10228459.htm
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