Thomson to succeed Peter A. Altabef,
effective April 1,
2025
Altabef, CEO since 2015, to remain as Chair of
the Board
BLUE
BELL, Pa., Dec. 5, 2024 /PRNewswire/
-- The Unisys (NYSE: UIS) Board of Directors announced
today that it unanimously elected Mike
Thomson, current President and Chief Operating Officer at
Unisys, to succeed Peter Altabef as
the company's CEO, effective April 1,
2025. Also, effective April 1,
Thomson will join the company's Board and will retain his current
title as President. Altabef, currently Chair and CEO, will continue
as Chair of the Board.
"On behalf of the entire Board, I am delighted to have a leader
of Mike's caliber to be the next CEO and President of Unisys," said
Altabef. "He is a proven executive who has exceptional leadership
qualities and the experience to continue to advance our company. As
our President and COO, Mike has helped shape and execute the
strategies that have driven our strong ongoing performance, and he
has a proven track record of operational excellence – both at
Unisys and in other roles throughout his career – that position him
well for the company's next chapter. Mike's passion for Unisys and
the work we do for our clients, his authentic leadership, and deep
knowledge of the business will make him an excellent CEO."
Thomson joined Unisys in 2015 as the Corporate Controller and
Principal Accounting Officer, advanced to Chief Financial Officer
in 2019, and was named President and COO in 2021, responsible for
overseeing the company's commercial organization and its business
units, among other functions. For more than 25 years, Thomson has
held progressively senior roles across a diverse set of industries,
in addition to his most recent roles at Unisys, proving his strong
ability to advance and run the operations of a company.
"The selection of the CEO and ensuring a smooth and successful
transition is one of the Board's most important responsibilities,"
said Nate Davis, Lead Independent
Director of the Board. "Mike's skill at strengthening Unisys'
financial standing and operational capabilities positions him to
lead the company effectively. At the same time, we are fortunate to
benefit from Peter's ongoing and active role as Chair. Peter's bold
vision to build on the company's strong roots as an innovator was
the catalyst for leading Unisys through a major brand and culture
transformation, with results that made the company more relevant
and visible to its clients, prospects, and other stakeholders.
Peter has exemplified the Unisys culture and inspires people with
his commitment to preparing for what's around the corner."
Altabef has served as CEO since January
2015, and as Board Chair since April
2018. During his tenure, he has led the way for a new wave
of innovation for the 151-year-old company.
"I am honored to step into the CEO role," said Thomson. "Peter's
leadership has positioned us well as a company, and I am proud to
carry on that leadership legacy for our business and our people for
the next chapter of the Unisys story. Our commitment to excellence
and innovation for our clients and the drive for growth and
improved profitability as part of our transformation journey
remains strong. I look forward to continuing my relationship with
Peter and working with our exceptional leadership team to deliver
on our strategy and be prepared to capitalize on new opportunities
that will propel us forward."
Unisys' total company full-year revenue growth and non-GAAP
operating profit margin guidance provided in its third-quarter 2024
earnings announcement on October 29,
2024, has not changed.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
Section 21E of the Securities Exchange Act of 1934, as amended, and
the Private Securities Litigation Reform Act of 1995. Words such as
"anticipates," "estimates," "expects," "projects," "may," "will,"
"intends," "plans," "believes," "should" and similar expressions
may identify forward-looking statements and such forward-looking
statements are made based upon management's current expectations,
assumptions and beliefs as of this date concerning future
developments and their potential effect upon Unisys. There can be
no assurance that future developments will be in accordance with
management's expectations, assumptions and beliefs or that the
effect of future developments on Unisys will be those anticipated
by management. Forward-looking statements in this release include,
but are not limited to, statements made in Messrs. Altabef, Davis
and Thomson's quotations, any projections or expectations of growth
and profitability, the assumptions and other expectations made in
connection with our full-year 2024 financial guidance and
statements regarding future economic conditions or performance.
Additional information and factors that could cause actual
results to differ materially from Unisys' expectations are
contained in Unisys' filings with the U.S. Securities and Exchange
Commission (SEC), including Unisys' Annual Reports on Form 10-K and
subsequent Quarterly Reports on Form 10-Q, recent Current Reports
on Form 8-K, and other SEC filings, which are available at the
SEC's web site, http://www.sec.gov. Information included in this
release is representative as of the date of this release only and
while Unisys periodically reassesses material trends and
uncertainties affecting Unisys' results of operations and financial
condition in connection with its preparation of management's
discussion and analysis of results of operations and financial
condition contained in its Quarterly and Annual Reports filed with
the SEC, Unisys does not, by including this statement, assume any
obligation to review or revise any particular forward-looking
statement referenced herein in light of future events. All
forward-looking statements in this press release are based on
information currently available to us, and we assume no obligation
to update these forward-looking statements in light of new
information or future events.
About Unisys
Unisys is a global technology solutions
company that powers breakthroughs for the world's leading
organizations. Our solutions – cloud, AI, digital workplace,
logistics, and enterprise computing – help our clients challenge
the status quo and unlock their full potential. To learn more about
how we've been helping clients push what's possible for over 150
years, visit unisys.com and follow us on LinkedIn.
RELEASE NO.: 1205/9975
Unisys and other Unisys products and services mentioned herein, as
well as their respective logos, are trademarks or registered
trademarks of Unisys Corporation. Any other brand or product
referenced herein is acknowledged to be a trademark or registered
trademark of its respective holder.
UIS-C
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SOURCE Unisys Corporation
