Unisys Corporation Names Peter Altabef as Its New President and CEO

Unisys Corporation (NYSE: UIS) has named Peter A. Altabef as President and Chief Executive Officer, effective January 1, 2015. At that time, Altabef, 55, also will join the Company's board of directors. Altabef comes to Unisys with more than 20 years of senior leadership experience in the IT industry and has a proven ability to drive revenue growth and achieve strong financial performance.

Altabef served as President and CEO of Perot Systems Corporation and MICROS Systems, Inc., and led both to double-digit revenue growth and increased profits. He also served as President of Dell Services, the business and IT services unit of Dell Inc.

Paul E. Weaver, currently interim Chairman of the Unisys board, will become Chairman, effective January 1, 2015. Weaver has served as a director of Unisys since 2010, and was the Board's lead independent director before being named interim Chairman last month.

Weaver said, "The board of directors has completed an intensive search process and we are extremely pleased to welcome Peter Altabef, a highly-regarded and experienced IT executive, to the helm of Unisys. As an industry veteran, Peter brings outstanding leadership skills, a track record of delivering top and bottom line results and strong operational execution skills, which will complement the strengths of the existing management team. With these attributes, we are confident that Peter will guide Unisys to profitable revenue growth."

Altabef said, "This is an exciting moment to be joining Unisys. I have long been impressed by the quality of services and solutions that Unisys brings to the world's largest companies and government organizations to solve their increasingly complex and mission-critical IT challenges. I am pleased to be joining the senior leadership team at Unisys and working with the Company's talented people around the world to accelerate its progress, leverage growth opportunities and create added value for our clients and shareholders."

Altabef was most recently President and Chief Executive Officer of MICROS Systems, the enterprise applications, services and hardware company, and a member of its board of directors, from January 2013 until the completion in September 2014 of its acquisition by Oracle Corporation. He previously served as President and Chief Executive Officer of Perot Systems from 2004-2009 until it was acquired by Dell, at which time he became President of Dell Services until his departure in 2011.

Source : Equity Bulls

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