UK banking systems vendor Misys has confirmed that it has appointed Sir Dominic Cadbury as chairman on a permanent basis.
Cadbury was previously senior independent director at the firm and became interim chairman in November 2005 when Misys was forced to separate the roles of chairman and chief executive that were held by Kevin Lomax.
The roles were separated following pressure from shareholders who - angered by the vendor's poor performance - called for the appointment of a new independent chair. Lomax's twin-roles also breached City guidelines.
The vendor says in conducting the search for a chairman, its nominations committee reviewed a number of candidates and consulted with major shareholders and concluded that Cadbury was the most appropriate to chair the company on a permanent basis.