EDS vice-president retires

Electronic Data Systems' vice-president Jim Daley has annopunced his retirement.

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

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