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EDS brings in reinforcement...DuPont names treasurer, controller...

By Staff Writer | Updated on February 01, 2003

EDS BRINGS IN REINFORCEMENT

Electronic Data Systems Corp., the $21.5 billion computer services company that suffered a run of bad news last fall, named a new CFO, Robert Swan, to replace James Daley, who had been CFO since 1999. EDS’s September 2002 warning of sharply lower-than-expected third-quarter earnings caused its stock to dive. Subsequent bad news included losses caused by a stock hedging program, an informal SEC investigation and losses tied to UAL Corp.’s bankruptcy. Swan, 42, joins EDS from defense contractor TRW Inc., where he had been CFO since 2001. Earlier, he spent two years at online grocery wonder Webvan Group, where he served as CFO and later CEO, and 14 years at General Electric Co., where he served as CFO for three different GE units. Daley, 61, will remain at Plano, Texas-based EDS as executive vice president of client solutions, global sales and marketing.

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