For release: 04 Dec 2007
Ron Rittenmeyer Elected EDS Chairman of the Board
Michael Jordan to Become Chairman Emeritus
PLANO, Texas – EDS today announced its board of directors has elected Ron Rittenmeyer chairman of the board. Rittenmeyer, 60, will also retain the titles of president and chief executive officer. He will succeed Mike Jordan, 71, who will become chairman emeritus and will step down from the board of directors. Both appointments are effective December 31, 2007.
Jordan, who joined EDS in March 2003, will remain with EDS and serve as a strategic adviser to the company’s senior leadership team.
“This is the right time for me to relinquish my responsibilities as chairman,” said Jordan. “It’s been a privilege leading EDS through its transformation and working side-by-side with some of the best people in the industry. I’m proud of what we’ve accomplished and believe Ron is the perfect choice to lead EDS moving forward.”
Ellen Hancock, presiding director of the board, said, “The entire board appreciates Mike’s steadfast leadership and invaluable contributions to EDS during the past five years. Under his leadership, EDS has set a firm foundation for sustainable, profitable growth and a return to market leadership.”
“Ron has proven his leadership ability and strategic acumen,” said Hancock. “As EDS prepares to enter a pivotal year in 2008, the board of directors felt the timing was right to promote Ron to chairman. We have complete confidence in Ron and believe he has the commitment, experience and track record to drive results for clients and shareholders.”
Rittenmeyer joined EDS in 2005 as executive vice president of Service Delivery and was later promoted to chief operating officer. In December 2006, he was appointed president and chief operating officer. On September 1, 2007, he was named president and chief executive officer.
“I appreciate the confidence the board has shown in me and am energized by the opportunity to lead EDS into a new era of market leadership,” said Rittenmeyer. “At the same time, I want to recognize Mike Jordan for the tremendous work he has done in rebuilding the foundation and restoring the competitiveness and spirit of EDS. I will continue to call on his counsel in the future.”
About EDS
EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 40 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.
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