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Just last month during its annual meeting with financial analysts, Brown had to open his remarks with the bad news that final negotiations between EDS and French company Alstom over a multibillion dollar outsourcing contract had collapsed, news that put a damper over the entire day and once again put Brown in a difficult position. Heller returns as president and chief operating officer, a role in which he served from to Apple iPhone XR Vs. Several financial analysts had blamed Brown for the problems and said he had lost credibility. At the time, EDS said the inquiry was also related to derivative contracts the company used to manage employee stock options.
Embattled EDS has tapped a former CBS chairman and CEO as its new chairman and CEO, replacing Dick Brown. Michael H. Jordan retired from CBS in December , the same time that Brown joined EDS Author: Juan Carlos Perez. Dick Brown is being replaced as chairman and CEO by Michael H. Jordan, who retired as chairman and CEO of CBS in Dec. Brown's exit was mutually agreed upon by him and the EDS board of Author: Juan Carlos Perez. Mar 20, · But EDS's share price is already climbing at the news of Brown's sacking. His replacement, Michael Jordan is the former chairman and CEO of CBS Corporation, quite a lot former - he retired from CBS in So consider him a safe pair of hands from outside the tech industry to steer EDS through some very rough eddycrosby.com: Drew Cullen.
Electronic Data Systems Corp. Jordan, the company announced Thursday. Also, the company named Jeffrey M. Heller, who had previously worked at EDS, as its president and chief operating officer. EDS suffered a dick brown former ceo eds that included disappointing earnings, bankruptcy filings by key customers and an investigation by the Securities and Exchange Commission. The SEC launched the investigation after an informal inquiry in October, two weeks after EDS said it would miss its third-quarter earnings forecast by 80 percent. At the time, EDS said the inquiry was also related to derivative contracts the company used to manage employee stock options.