CSC Appoints Mike Lawrie President and Chief Executive Officer
Falls Church, VA - 7 February 2012
Rodney F. Chase Named Non-Executive Chairman
CSC (NYSE: CSC), a leading global IT services company, announced today that Mike Lawrie, 58, has been appointed president and chief executive officer, and will join the company no later than March 31, 2012.
Lawrie succeeds Michael W. Laphen, 61, who previously announced his plan to retire as the Company’s chairman, president and chief executive officer. The CSC board of directors also announced today that Rodney F. Chase, a current director on the company’s board, has been appointed non-executive chairman of the board of directors, effective upon Lawrie’s start as president and CEO.
Lawrie has also been appointed to CSC’s board, effective immediately. Lawrie is currently chief executive officer of UK-based Misys plc, a global leader of IT solutions for the financial services industry publicly traded on the London Stock Exchange.
Lawrie has extensive global experience in the IT and software industry including 27 years at IBM where he served as senior vice president and group executive with responsibility for sales and distribution of IBM’s products and services worldwide. Additionally Lawrie was general manager for IBM’s EMEA business, which included operations in 124 countries and more than 90,000 employees at the time. Prior to that, he was general manager of industries for IBM’s business operations in Asia Pacific. While chief executive officer at Misys, Lawrie helped drive significant growth in shareholder value and client satisfaction through an innovative strategy, positioning Misys as a leader in the financial services application software industry. His leadership in transforming global enterprises and driving operational excellence across complex organizations will help CSC achieve its strategic business objectives.
Lawrie has been a long time champion of innovation, including advocating the development of the world’s first fully open source, standards-based health information exchange solutions.
Lawrie also served as the executive chairman of Allscripts-Misys Healthcare Solutions, Inc., an industry leader in electronic health record solutions and was instrumental in the transformational merger of Misys’ Healthcare division with Allscripts, and its subsequent merger with healthcare IT solutions provider Eclipsys. His emphasis on innovative healthcare and improving patient care will help drive CSC’s strategic growth plan in the healthcare IT market.
“We are very pleased to welcome Mike Lawrie as CSC’s next president and CEO,” said Irving W. Bailey, II, lead director of CSC’s Board of Directors. “Mike has extensive experience in managing publicly-traded global companies and a reputation for driving shareholder value and helping companies to reach their potential. CSC’s rich history and experience in IT services and compelling portfolio uniquely positions the Company for strong future performance. The board is confident that Mike has the vision and wide-ranging experience to lead CSC forward, as we execute on exciting strategies in areas such as cloud computing and cybersecurity.”
“I am honored to lead CSC, a company that is redefining the IT industry with market leadership in emerging services and business solutions that transform the enterprise,” said Mike Lawrie. “With a sharp focus on developing smart, technology-enabled solutions, we will continue to leverage our deep industry expertise to solve our clients' toughest challenges, and position them for greater levels of agility, growth and innovation. I look forward to working with the board, management team and CSC’s highly talented employees to shape CSC’s future for the benefit of our shareholders, our clients, and our company.”
“We are also very pleased that Rodney Chase has agreed to assume the role of non-executive chairman. A board member since 2001, Rodney brings a wealth of experience and perspective which has been greatly appreciated and valued by the Board,” added Bailey.
“We also would like to thank Mike Laphen for his contributions over his nearly thirty-five years of service to CSC, especially his past five years as chairman, president and CEO. On behalf of the board and everyone at CSC, we wish Mike all the best in his retirement,” Bailey continued.
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