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Paul Penrose

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Paul Penrose - Finextra

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First Data names Michael Capellas new CEO

10 July 2007  |  5791 views  |  0
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US e-payments firm First Data says that Michael Capellas, former chief executive of MCI and Compaq, will become its new CEO when its buyout by private equity firm Kohlberg Kravis Roberts (KKR) is comp...

The seven billion dollar man

12 July 2007  |  3702 views  |  0

Kohlberg Kravis Roberts has tapped Michael Capellas to take over as CEO of First Data when its $7 billion buy out goes through later this year.

Capellas made his name as a corporate turnaround artist, first at Compaq and then at MCI. On both occassions he served a short stint in the top seat, savaged costs and sold on the companies for a hefty fee.

Is this what KKR has in mind for First Data?

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job title Head of Research
location London
member since 2007
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I'm responsible for editorial content and quality control across the full range of Finextra media.

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