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PeopleBoardroom and management shake-up at Misys
Misys, the software group, has undergone a significant management shake-up, with Howard Evans agreeing to step down as finance director at the end of the financial year and Jaspar McMahon resigning as corporate development director with immediate effect.
Also leaving the company will be Tom Skelton, Misys Healthcare Systems chief executive and a Misys executive director.
Misys also made two appointments to its senior management team: Guy Warren as executive vice president and general manager of the core banking business, and Eileen McPartland as executive vice president of global sales and services.
Lombard in the Financial Times (19 January) described the clear-out at Misys as part of new chief executive Mike Lawrie’s attempt to draw a line under last year’s failed management buyout. However, said Lombard, Lawrie’s last employer, the US hedge fund ValueAct Capital, now owns a 9.5% stake in Misys. If Lawrie’s plans for the company do not work out, said Lombard, other shareholders may feel that the disruptive force that was ex-chief executive Kevin Lomax was simply replaced by another in the form of ValueAct.
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February, 2007 |
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