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Representatives of EDS have announced a new executive management
team, naming Michael H. Jordan as chairman and chief executive
officer and Jeffrey M. Heller as president and chief operating
officer, effective immediately.
Jordan, the former chairman and CEO of CBS Corporation, replaces
Richard H. Brown.
Roger Enrico, an EDS director, said the board believes the
new management team of Jordan and Heller has the opportunity
to move EDS forward unencumbered by past events. He called
Jordan a "proven leader and strategist with a track record
of building shareholder value."
Jordan retired as chairman and chief executive officer of
CBS Corporation (formerly Westinghouse Electric Corporation)
in December 1998, after leading it through one of the most
comprehensive transformations in corporate history. Before
joining Westinghouse, Jordan was a partner with Clayton, Dubilier
and Rice, a private equity firm in New York. Previously, he
spent 18 years with PepsiCo, Inc. During this time, he served
in numerous senior executive positions, including CFO of PepsiCo,
Inc. and President and CEO of PepsiCo WorldWide Foods, which
includes Frito-Lay. From 1964 to 1974, he was a consultant
and principal with McKinsey & Company.
Heller retired from EDS in February 2002, after 34 years
with the company, most recently in the position of vice chairman.
Heller returns as president and chief operating officer, a
role in which he served from 1996 to 2000. Heller joined EDS
in 1968 as a systems engineering trainee.
Due to the management change, EDS will reschedule its 2003
Annual Shareholders Meeting from April 22 to May 20.
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