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EDS names Ronald Rittenmeyer CEO

20 July 2007  |  1911 views  |  0 Source: EDS

EDS today announced that its board of directors has unanimously elected Ronald A. Rittenmeyer, currently president and chief operating officer, as president and chief executive officer, effective September 1, 2007.

Rittenmeyer, 60, was also elected to the company's board of directors, effective immediately.

Michael H. Jordan, who has served as EDS' chairman and chief executive officer since March 2003, will continue to serve as chairman and as an executive officer of the company, effective September 1, 2007.

"Ron has been instrumental in driving the company's turnaround," said Jordan. "Under his leadership, EDS completely transformed its entire sales and delivery operations, while delivering dramatic improvements in quality and productivity. Given Ron's track record of success and his unwavering commitment to drive results for clients and shareholders, the board and I believe this is the right time to implement EDS' established succession plan with Ron at the helm."

"There's no better person to lead EDS at this pivotal stage in its 45-year history than Ron," Jordan continued. "His leadership and operational experience, deep industry knowledge and intense dedication to clients will be tremendous assets as the company begins a new era. I look forward to supporting Ron and continuing our long-standing partnership."

Rittenmeyer joined EDS in 2005 as executive vice president of Service Delivery and was later promoted to chief operating officer. In December 2006, he was appointed president and chief operating officer of EDS.

"I am honored and excited to become EDS' CEO," said Rittenmeyer. "We have the best people in the industry, a world-class infrastructure, a culture of delivering innovative solutions to our clients and a solid financial foundation. I am proud of what we've accomplished and look forward to building on our momentum."

Rittenmeyer brings more than 30 years of business and leadership experience to his new role. Before joining EDS, he served as managing director of The Cypress Group, a private equity firm. He was responsible for all operating aspects of the company's $3.5 billion investment portfolio. Previously, Rittenmeyer served as chairman, chchief executive officer and president of Safety-Kleen, Inc., a hazardous and industrial waste management company. At Safety-Kleen, he successfully led the company's reorganization from Chapter 11 bankruptcy protection.

Prior to Safety-Kleen, Rittenmeyer was CEO and president of AmeriServe, where he led the successful restructuring and sale of the $10 billion food services company. Before that, he served as chairman, CEO and president of RailTex, Inc., a leading short line railroad holding company acquired by RailAmerica in 2000; president and COO of Ryder TRS, Inc., a truck rental company; and COO of Burlington Northern Railroad.

During his career, Rittenmeyer has also held numerous senior executive positions, including serving as vice president of operations at Frito-Lay, Inc.; vice president Middle East and Worldwide Operations at PepsiCo Food International; and president and COO of Merisel.

Rittenmeyer earned a bachelor of science degree from Wilkes University and a master of business administration degree from Rockhurst University in Kansas City, Mo.

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