CSC names Mike Lawrie CEO, ending four-month search

Lawrie's job at Misys looks set to be abolished as the company negotiates a merger with Temenos

CSC ended four months of speculation about the identity of its next CEO late Tuesday, announcing that Mike Lawrie, currently CEO of British IT service company Misys, will become CEO of CSC by the end of March. He has already taken a seat on CSC's board.

The company began its executive search last October, when Chairman and CEO Michael Laphen announced that he would retire within a year. Rodney Chase, already a director of CSC, will replace Laphen as chairman of the company's board.

Lawrie's post at Misys is set to disappear. On Tuesday, Misys revealed it is negotiating terms of a merger with Swiss rival Temenos under which Temenos CEO Guy Dubois will head the combined company. Last year, Misys turned down a takeover bid from FIS Global, a U.S. payment services company.

Laphen wasn't the only senior CSC executive to announce his resignation last October. The same day, CSC Denmark's CEO Carsten Lind resigned. Earlier this week, he joined rival outsourcer Fujitsu as chief operating officer for its Nordic business unit.

The company has been dogged by financial problems in Denmark, with the U.S. Securities and Exchange Commission opening an investigation into alleged stock manipulationthrough fraudulent financial reporting in its Danish division.

By November, the SEC's investigation had expanded to include CSC's Australian business, the company revealed.

CSC is set to announce financial results for its fiscal third quarter later on Wednesday.

Peter Sayer covers open source software, European intellectual property legislation and general technology breaking news for IDG News Service. Send comments and news tips to Peter at peter_sayer@idg.com.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Peter Sayer

IDG News Service
Show Comments

Father’s Day Gift Guide

Brand Post

PC World Evaluation Team Review - MSI GT75 TITAN

"I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it."

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?