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CSK Software chief Untiedt quits

25 July 2003  |  2440 views  |  0 CSK Software chief Untiedt quits

CSK Software chief executive officer Johannes Untiedt has resigned following disagreements with the German firm's Japanese parent over the future strategic direction of the company.

CSK chief technology officer Andreas Wagner and CFO Jürgen Dahmen have assumed board-level responsibility for the financial markets software house following Untiedt's departure.

Announcing Untiedt's resignation, Teiichi Aruga, CSK chairman, comments: "His ideas for the future business strategy of CSK Software differed from those of the shareholder."

CSK Software is a wholly-owned subsidiary of Japan's CSK Corporation. The ousting of Untiedt signals a determination by the Japanese parent to wrest more synergies from its German subsidiary, marked by the creation of a new development centre in Japan and the strengthening of the Asian professional services group. The new data centre will open next month and will be charged with driving sales into the Asian market by offering more customised solutions.

Wagner, a 13-year veteran at CSK, has been charged with board-level responsibility for technology, professional services, sales and marketing, while Damen takes on finance, investor relations, legal, contracts, and human resources functions.

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