Campos quits Swift
21 May 2012 | 7973 views | 1
Lazaro Campos is to step down as chief executive officer of interbank messaging network Swift after five years at the helm, making way for former McKinsey man and current head of marketing Gottfried Leibbrandt.
Campos, a 25-year veteran of the interbank co-operative, achieved a career-defining ambition when he took over the reins from former CEO Lenny Schrank in 2007.
His departure comes mid-way through a five-year business plan that is designed to give the company additional flexibility in pursuing more commercially and client focused activities. Swift's 2015 strategy was set in motion in 2010, following a rationalisation programme under the watchful eye of McKinsey consultants aimed at reducing costs by 50%.
In a statement, Campos says: "Swift is an extraordinary company with great people and I have enjoyed my years here immensely. I am proud of what Swift means to the industry and what we have achieved during my tenure as CEO. But after 25 years with one organisation, it is the right time for me to move on and make an impact elsewhere."
Swift says Campos informed the board of his decision in March, allowing ample time for the company to conduct an orderly succession process.
The board has nominated Dutchman Gottfried Leibbrandt, currently head of marketing, to replace Campos as CEO effective 1 July. Prior to joining Swift in 2005, Leibbrandt was a partner at McKinsey & Company.
Swift Chairman Yawar Shah, says: "Gottfried Leibbrandt has been part of the Swift executive team for five years and he is very well qualified to take over the baton."