Misys plc, the global software and solutions company, announces today (7 March 2006) that Steve Vaughan has been appointed Chief Executive of Misys Banking Systems, the banking division of Misys plc and a leading supplier of banking software. Mr Vaughan will take up the position with effect from 20 March 2006 and will also assume additional responsibility as CEO of the newly created Core Banking business unit within Misys Banking Systems. Mr Vaughan, aged 45, will report to Kevin Lomax, Chief Executive, Misys plc.
Steve Vaughan has significant experience of the technology industry, most recently as Group CEO of Synstar plc, the pan- European IT service provider which is now part of Hewlett Packard. Mr Vaughan transformed Synstar into a profitable business and oversaw the sale process and transition into HP during his time leading the company.
Previously, Mr Vaughan held a range of roles at EDS Ltd., the global IT services outsourcing company, latterly as Managing Director, where he had responsibility for the industry division in the UK.
Commenting on the appointment, Misys plc Chief Executive Kevin Lomax, said: “Steve Vaughan brings substantial technology industry knowledge and the experience of running major international organisations, which will be invaluable to Misys. I look forward to working with him as we continue to transform Misys Banking Systems into the global leader in banking software and solutions.”