Feeds

Top four EDS execs exit stage left

'Other opportunities' abound

Internet Security Threat Report 2014

Four top EDS executives are leaving their jobs to "explore other opportunities" as part of the sprawling services company's layoff-and-pay-cut-heavy digestion by Hewlett-Packard.

EDS will see Tom Haubenstricker, head of finance; Mike Koehler, head of EDS Americas region; and Mike Paolucci, head of human resources depart the the company in May. Bobby Grisham, who oversees EDS sales, will retire in June.

According to the Sacramento Business Journal, Koehler is being replaced by Andy Mattes, who currently oversees application services. Paolucci will be succeeded by HP veteran Shawn Williams. There's currently no permanent replacements for Grisham and Haubenstriker, although the latter's spot will be filled by chief administrations officer Pete Bocian until his replacement is found.

The latest EDS exec exodus is just one of many financial squeezes put on the company since it was purchased by HP.

After EDS announced it would be acquired for $13.9bn last year, HP chief Mark Hurd — a man well known for swinging the axe in the name of the bottom line — announced plans to cull nearly 25,000 jobs to consolidate EDS into HP's existing services wing.

HP also recently instituted a permanent company-wide five per cent pay cut on top of a 10 per cent wage reduction for US workers at EDS for April.

Hurd, meanwhile, said he was taking a 20 per cent base salary cut. Quite a sacrifice, unless of course he gets anything like the $23.9m cash bonus he received last year. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.