BLUE BELL, Pa., Aug. 16, 2016 /PRNewswire/ -- Unisys Corporation
(NYSE: UIS) today announced that Senior Vice President (SVP) and
Chief Financial Officer (CFO) Janet
Haugen will retire from the company on November 1, 2016, after 20 years of service with
the company, including the last 16 years as CFO.
Unisys also today announced that it has named Inder M. Singh, who currently serves the company
as Chief Strategy and Marketing Officer, to succeed Haugen as SVP
and CFO, also effective November 1,
2016. Haugen and Singh will work closely to ensure a
seamless transition.
A magna cum laude graduate of Rutgers
University, Haugen first joined Unisys in 1996 from Ernst
& Young LLP, where she was a partner with client
responsibilities including large multinational technology and
services companies. Prior to being named CFO in 2000, Haugen served
as a corporate vice president and Corporate Controller, as well as
acting CFO from 1999-2000.
"We thank Janet for her many years of service to Unisys. Her
extensive knowledge of our company, her industry knowledge and her
financial acumen have been helpful time and time again," said
Peter Altabef, president and CEO of
Unisys. "Since I joined the company last January, Janet has been
ever present in our planning and execution of our strategy. It has
been a pleasure for me to work alongside her, and I look forward to
continuing to do so as we work through the transition over the
course of the next few months."
"I have thoroughly enjoyed my two decades with Unisys, as the
company has migrated from a predominantly hardware-centric company
to one focused on services, software and solutions," said Haugen.
"It is the ideal time for me to move on to my next chapter. I will
be spending more time with my family and also expanding my
portfolio of activities to commercial board of director roles and
in the non-profit community. I am pleased to work with Inder to
ensure a smooth transition, and I look forward to watching the
company continue to build its financial momentum in the years to
come."
Singh to Become Next Unisys CFO
Singh joined Unisys from SunTrust Robinson Humphrey, Inc., where
he served as a Managing Director providing equity research and
investment advice across the technology, media and
telecommunications sectors. Previously, he served as a senior vice
president for finance and strategy for Comcast Cable, and has held
senior corporate finance leadership positions at Cisco Systems,
AT&T and Prudential Financial. He holds a bachelor's and a
master's degree from Columbia University's
School of Engineering and Applied Science, and an MBA from
New York University's Stern School of
Business.
"Inder brings a strong finance and strategy background to our
CFO role from his senior executive finance experience with both
Fortune 50 companies and Wall Street, including leading finance
organizations on the corporate side and framing investment
strategies for institutional investors on the analyst side," said
Altabef. "We thank Inder for the significant contributions he has
made to our marketing and communications organization, and we are
conducting an active search for his successor. We look forward to
Inder's leadership in driving our financial strategy forward, and I
am very pleased that he will become our new CFO."
"I couldn't be more excited to lead Unisys' finance organization
come November, and to maintain a sharp focus on our financial
objectives and business goals," said Singh. "I look forward to
continue working closely with Peter and the senior leadership team
as we execute our multi-year strategy. Unisys is well-positioned
with a broad roster of clients across multiple industries, and a
strong portfolio of solutions that come with highly differentiated
security offerings. As a finance team, we will ensure a sharp focus
on executing to a financial strategy that best serves our clients,
associates and investors."
About Unisys
Unisys is a global information technology company that works
with many of the world's largest companies and government
organizations to solve their most pressing IT and business
challenges. Unisys specializes in providing integrated,
leading-edge solutions to clients in the government, financial
services and commercial markets. With more than 20,000 employees
serving clients around the world, Unisys offerings include cloud
and infrastructure services, application services, security
solutions, and high-end server technology. For more information,
visit www.unisys.com.
Follow Unisys on Twitter and LinkedIn.
Forward-Looking Statements
Any statements contained in this release that are not historical
facts are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. All forward-looking
statements rely on assumptions and are subject to various risks and
uncertainties that could cause actual results to differ materially
from expectations. Additional discussion of factors that could
affect Unisys future results is contained in our periodic filings
with the Securities and Exchange Commission.
RELEASE NO.: 0816/9444
Unisys and other Unisys products and services mentioned herein,
as well as their respective logos, are trademarks or registered
trademarks of Unisys Corporation. Any other brand or product
referenced herein is acknowledged to be a trademark or registered
trademark of its respective holder.
UIS-C
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SOURCE Unisys Corporation