DST Systems, Inc. (DST) Announces Organizational Changes
December 12 2003 - 5:05PM
PR Newswire (US)
DST Systems, Inc. (DST) Announces Organizational Changes KANSAS
CITY, Mo., Dec. 12 /PRNewswire-FirstCall/ -- Charles W. Schellhorn
has announced his resignation as President and CEO of DST Output,
effective January 1, 2004, to focus solely on his leadership role
at Argus Health Systems, a 50% owned joint venture of DST, based in
Kansas City, Mo. To fill the DST Output leadership position, Steven
J. Towle, President and COO of Boston Financial Data Services, Inc.
(BFDS), a 50% owned joint venture of DST, will become DST Output's
President and CEO, effective January 1, 2004. He will report
directly to Thomas A. McDonnell, President and CEO of DST. Mr.
Towle joined Boston Financial in May of 1997 as the Senior Vice
President responsible for the Mutual Funds Division, Cash
Management, Operations Support Services and Client Resources. He
previously served as a principal in Investor Services with Scudder,
Stevens & Clark in Boston, where he managed transfer agent
operations, servicing two million accounts in the Scudder, AARP and
Scudder Institutional Fund families. Stephen C. Hooley, Senior Vice
President of State Street Corporation, will assume the position of
President and CEO at BFDS, effective January 1, 2004. He will
report to Thomas A. McCullough, Executive Vice President and COO of
DST and Chairman of BFDS. In his 11 years with State Street, Mr.
Hooley has held several executive positions, including leading the
company's corporate pensions business, and has extensive experience
in IT reengineering. He most recently supervised the integration of
the U.S. operations of the Global Securities Services business
acquired from Deutsche Bank into State Street. Terry L. Metzger,
DST Vice President of Mutual Fund Remote Customer Relationships,
will assume the role of Executive Vice President and COO at BFDS,
effective January 1, 2004, reporting to Steve Hooley. In his more
than 24 years at DST, Mr. Metzger's responsibilities included the
management of several of DST's remote mutual fund customer
relationships, including BFDS. During the transition, Mr. Metzger's
direct reports will report to Robert L. Tritt, Group Vice President
of DST. The information and comments above may include
forward-looking statements respecting DST and its businesses. Such
information and comments are based on DST's views as of today, and
actual results could differ. There could be a number of factors
affecting future results, including those set forth in Form 8-K/A
dated March 17, 2003 filed by DST with the Securities and Exchange
Commission. All such factors should be considered in evaluating any
forward- looking comment. The Company will not update any
forward-looking statements in this press release to reflect future
events. DATASOURCE: DST Systems, Inc. CONTACT: Thomas A. McDonnell,
President and Chief Executive Officer, +1-816-435-8684, or Kenneth
V. Hager, Vice President and Chief Financial Officer,
+1-816-435-8603, both of DST Systems, Inc.
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