Unisys Corp. (UIS) Announces CFO Transition

August 16, 2016 8:31 AM EDT

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Unisys Corporation (NYSE: UIS) announced that Senior Vice President (SVP) and Chief Financial Officer (CFO) Janet Haugen will retire from the company on November 1, 2016, after 20 years of service with the company, including the last 16 years as CFO.

Unisys also today announced that it has named Inder M. Singh, who currently serves the company as Chief Strategy and Marketing Officer, to succeed Haugen as SVP and CFO, also effective November 1, 2016. Haugen and Singh will work closely to ensure a seamless transition.

A magna cum laude graduate of Rutgers University, Haugen first joined Unisys in 1996 from Ernst & Young LLP, where she was a partner with client responsibilities including large multinational technology and services companies. Prior to being named CFO in 2000, Haugen served as a corporate vice president and Corporate Controller, as well as acting CFO from 1999-2000.

"We thank Janet for her many years of service to Unisys. Her extensive knowledge of our company, her industry knowledge and her financial acumen have been helpful time and time again," said Peter Altabef, president and CEO of Unisys. "Since I joined the company last January, Janet has been ever present in our planning and execution of our strategy. It has been a pleasure for me to work alongside her, and I look forward to continuing to do so as we work through the transition over the course of the next few months."

"I have thoroughly enjoyed my two decades with Unisys, as the company has migrated from a predominantly hardware-centric company to one focused on services, software and solutions," said Haugen. "It is the ideal time for me to move on to my next chapter. I will be spending more time with my family and also expanding my portfolio of activities to commercial board of director roles and in the non-profit community. I am pleased to work with Inder to ensure a smooth transition, and I look forward to watching the company continue to build its financial momentum in the years to come."

Singh to Become Next Unisys CFO

Singh joined Unisys from SunTrust Robinson Humphrey, Inc., where he served as a Managing Director providing equity research and investment advice across the technology, media and telecommunications sectors. Previously, he served as a senior vice president for finance and strategy for Comcast Cable, and has held senior corporate finance leadership positions at Cisco Systems, AT&T and Prudential Financial. He holds a bachelor's and a master's degree from Columbia University's School of Engineering and Applied Science, and an MBA from New York University's Stern School of Business.

"Inder brings a strong finance and strategy background to our CFO role from his senior executive finance experience with both Fortune 50 companies and Wall Street, including leading finance organizations on the corporate side and framing investment strategies for institutional investors on the analyst side," said Altabef. "We thank Inder for the significant contributions he has made to our marketing and communications organization, and we are conducting an active search for his successor. We look forward to Inder's leadership in driving our financial strategy forward, and I am very pleased that he will become our new CFO."

"I couldn't be more excited to lead Unisys' finance organization come November, and to maintain a sharp focus on our financial objectives and business goals," said Singh. "I look forward to continue working closely with Peter and the senior leadership team as we execute our multi-year strategy. Unisys is well-positioned with a broad roster of clients across multiple industries, and a strong portfolio of solutions that come with highly differentiated security offerings. As a finance team, we will ensure a sharp focus on executing to a financial strategy that best serves our clients, associates and investors."

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