Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Bisys CEO Resigns Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 9, 2003

Bisys CEO Resigns

by: Sean Hanna, Editor in Chief

Bisys is hunting for a new CEO after the surprise resignation of Dennis R. Sheehan today. Sheehan said he is stepping down for medical reasons. The New York Stock Exchange-traded company expects to have a new CEO in place this fiscal year.

Sheehan will continue to serve as president and CEO and as a member of the board of directors until the Bisys hires a new CEO. Bisys says it retained Korn/Ferry International to assist it in the executive search process.

Sheehan said that his condition is non-life threatening, although he did not reveal the exact nature of the problem. He added that his resignation is not related to the firm's shortfall in reported earnings for the past quarter.

"Quite simply, I had an accident that has resulted in a medical condition that prevents me from serving long-term as CEO of the Company," he said in a statement. "Although my medical condition is not life threatening and has not and does not affect my ability to perform the day-to-day responsibilities of my position, my doctors have advised me that continuing an extended career as a senior executive of a public company with the related high degree of stress would not be in my long-term best interests."

Sheehan joined Bisys in 1995 when it acquired Concord Holding Company. The 48-year-old executive took over the CEO mantle from Lynn J. Mangum at the start of 2003. Prior to that he was president and chief operating officer for the company.

Mangum, who remains chairman, expressed disappointment that Sheehan will not be able to continue the long career with Bisys that he expected. "We will miss his strong leadership capabilities and strategic vision," said Mangum,  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use