Directorate Change
10 6월 2003 - 4:00PM
UK Regulatory
RNS Number:0951M
CODASciSys PLC
10 June 2003
CODASciSys Group plc
Appointment of new Group Chief Executive
CODASciSys Group plc ("CODASciSys" or "the Company", stock code: CSY), the
specialist supplier of IT Services and CODA Financial Software and Solutions, is
pleased to announce the appointment of Graham Steinsberg as its new Group Chief
Executive with effect from October 1st 2003.
Steinsberg, aged 46, is currently the Chairman of the CODA Division of
CODASciSys, having served the previous two years as its CEO. The CODA business
has seen a remarkable turn-around in the last three years following its
acquisition by the Company, with Steinsberg at its head, and now accounts for
over 60% of total Group revenue.
Following an assessment process that incorporated internal and external
considerations, Steinsberg was chosen because of his excellent track record
whilst at CODASciSys, and his knowledge of the Company and the industry.
After qualifying as a Chartered Accountant, Steinsberg held senior positions at
both IBM and Lychgate before joining the Science Systems Group (now renamed
CODASciSys Group) as a full board member 14 years ago, with specific
responsibility for the Commercial Division. Since that time, he has overseen
the consistently profitable growth of this Division, led the purchase by
CODASciSys of the CODA business from Baan in 2000 and of SquareSum earlier this
year. Under Steinsberg's stewardship the CODA Division has returned strong
profit growth.
Mike Love, CODASciSys Chairman commented, "We are delighted that Graham has
accepted this position at this important time in the Company's evolution. I am
sure that under his leadership CODASciSys will continue to perform ahead of its
peers". Steinsberg, due to take over full executive responsibility from October
this year, will work with Love to ensure a smooth transition.
A high resolution picture of Steinsberg is available at www.codascisys.com.
For further information please contact:
CODASciSys Group plc 01249 466466
Richard Anning, Group Marketing Manager (07715 750202) www.codascisys.co.uk
Mike Love, Chairman
Graham Steinsberg, Group CEO (designate)
Rowan Dartington
Barrie Newton 0117 933 0011
This information is provided by RNS
The company news service from the London Stock Exchange
END
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