Electronic Data Systems' vice-president Jim Daley has
annopunced his retirement.
Daley, who joined EDS in March 1999 as chief financial officer,
became vice-president of client solutions, global sales and
marketing in February, will retire from the IT services company on
31 July.
Daley, 62, was hired by former chairman and chief executive
officer Dick Brown. Brown resigned from EDS in March, after the
company ran into a variety of serious problems.
Those problems includes a US Securities and Exchange Commission
investigation, disappointing sales and a steep fall in the
company's stock price.
EDS' latest top executive team is led by chairman and chief
executive officer Michael Jordan and by Jeffrey Heller, who had
retired from EDS in 2002 after 34 years with the company and was
brought back as president and chief operating officer.
Jordan and his team outlined a restructuring of the company last
month in a meeting with financial analysts that calls for a
reduction in costs, a streamlining of operations, a refocusing on
outsourcing services and laying off about 2% of the global
workforce.
Heller, who had held the president and chief operating officer
posts between 1996 and 2000, will take over Daley's job on an
interim basis. Robert Swan stepped in as chief financial
officer after Daley left that post in February.
Juan Carlos Perez writes for IDG News Service