Gordon Lovell-Read has stepped down as CIO of engineering and electronics giants Siemens today.He was with the company for six years.
In a statement Siemens said Lovell-Read has “indicated his desire to stand down to pursue other interests outside of Siemens”. Lovell-Read will depart the company on 31 May, a decision they describe as an “amicable parting of ways”.
“He leaves behind a strong, healthy capability to underpin the plans of Siemens, a lasting legacy of successful IT modernisation and the impressive integrated technology experience of the Frimley UK headquarters, which owes much to his personal vision,” Siemens said.
The company had no chief information officer in place and the previous incumbent had only lasted two month, Lovell-Read told ComputerworldUK’s sister title CIO last year. On arrival he became responsible for an organisation with 200 individual sites, each with its own IT team. Rolling his sleeves up, Lovell-Read tripled IT spending to centralise systems, replace Peoplesoft with SAP and turn the IT department into a business service delivery organisation.
Lovell-Read was not a CIO focussed on running an IT department though, “I said to them, if you are after an IT director, I’m not your man. If you want someone for a significant change role, then I’m interested,” he said to CIO. “I wasn’t the most qualified IT person, but I understand the value that IT brings the business. I told them it doesn’t come without wreckage,” he said.
He joined Siemens after a 17-year career at Hewlett-Packard, where he met both founders.
Siemens has been navigating a rocky road recently, losing a major contract with the Department of Work and Pensions and facing a corruption investigation in Germany.
Last January the European Commission fined Siemens £275 million for its leading involvement in a price fixing cartel. Siemens was found to be fixing prices in the gas-isolated switchgear systems market between October 2002 and April 2004.
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