Canada-based CGI has revealed details of the new leadership team that will head up its business following the acquisition of UK-based software and information technology services firm Logica in May.
It was revealed last week that Logica will exit the London Stock Exchange on Friday 24 August, after its shareholders voted overwhelmingly in favour of accepting CGI’s recommended cash offer of 105 pence per share.
Reporting to CGI president and CEO, Michael E Roach are:
• Joao Baptista: President, Nordics, Southern Europe and South America (currently Logica President, Northern & Central Europe; Executive Partner, Energy, Utilities, Telecoms)
• Serge Dubrana: President, Central and Eastern Europe (currently Logica Chief of Operations)
• Tim Gregory: President, United Kingdom (currently CGI President, Europe & Australia)
• Colin Holgate: President, Asia Pacific (currently Logica CEO Asia/Pacific, Africa & Middle East)
• Jean-Marc Lazzari: President, France (currently President, France; Chief Client Officer)
• Doug McCuaig: President, Canada (CGI - same)
• George Schindler: President, United States (CGI- same)
Leaving their current positions, but likely to assist in the transition before their departure, are current Logica CEO Andy Green, and Himanshu Rajah, current Logica CFO.
Anthony Miller, managing partner at TechMarketView, noted that CGI’s appointments mean that Logica appears to no longer exist as a company, or as a brand.
Miller said: “Good move. Breaking Logica apart and combining it with the corresponding CGI business units is spot on. We like services companies with geographical P&L’s and accountable managers running them.”
However, Miller also said that this does not mean that the problems that plagued ‘old’ Logica will disappear.
He said: “Indeed we note that many of the Logica ‘old guard’ will still be running substantial parts of CGI’s empire. My feeling is that CGI will parachute in a squadron of their own senior managers to sit ‘beneath’ the presidents and ‘lend support’.”
When the deal, which is worth an estimated £1.7 billion, was announced the analyst community unleashed some grim predictions, claiming that it highlighted the failures of Logica’s management and that CGI will not create a new global business through integrating Logica’s European operations.