CSC chief Laphen to retire within a year

Michael W. Laphen will stay on for a while longer while a successor is found.

CSC's Chairman and CEO, Michael W. Laphen, plans to retire from his position no later than a year from now, the company announced on Tuesday.

No successor has been named. Laphen, a 35-year veteran of the company, will stay on until a replacement is found but no later than Oct. 31, 2012. CSC has formed a search committee to find a candidate.

The 96,000-employee IT services company has been under pressure this year, with an ongoing investigation by the U.S. Securities and Exchange Commission related to possible fraudulent stock manipulation in the Nordic region. CSC financial statements have indicated the fraud was allegedly carried out by employees.

Laphen's announcement came on the same day as the resignation of CSC Denmark's CEO, Carsten Lind. No reason was given for Lind's resignation. He is expected to be replaced by John Walsh, a CSC vice president.

CSC's Denmark subsidiaries have lost money for five years, and Lind recently said "we, as a company, are facing big challenges that require the full attention of the management."

In the U.K., CSC remains involved in discussions over the fate of its role in the National Health Service's IT program, a complex IT modernization plan for the country's health services that was scrapped by the government in September.

The company is being sued by investors in the US. over the NHS debacle, with the Ontario Teachers' Pension Plan, a Canadian fund, alleging the company "fraudulently concealed" the performance of the contract from them and knew it couldn't be fulfilled.

Send news tips and comments to jeremy_kirk@idg.com

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuesComputer Sciencespersonnelservices

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jeremy Kirk

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?