Unisys has announced that Lawrence Weinbach will relinquish his position as the company's chief executive officer next January.
He has given up his president's title to Joseph McGrath, who has also been promoted to the position of chief operating officer. McGrath will take over the company's day-to-day operations.
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Weinbach will continue as chairman until January 2006. He has headed the computer services company since September 1997.
"There are no external plans driving the changes," said spokeswoman Elizabeth Douglass. "Larry turns 65 in January and his contract is up."
She said no external search has yet been started to fill the CEO position, and that George Gazerwitz has been named vice chairman.
Gazerwitz will also take on responsibility for a number of special projects, in addition to his usual duties leading the company's systems and technology practice. He had been corporate executive vice president and president for systems and technology.
McGrath joined Unisys in January 1999 as senior vice president of major accounts sales and chief marketing officer and, since that time, has held a number of key positions, most recently as president of the company's enterprise transformation services.
Linda Rosencrance writes for Computerworld