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29 May 2007
Seamus Keating , LogicaCMG's finance
director, is unlikely to be the company’s next chief executive following the
decision by
long-standing CEO,
Martin Read, to step down from the role.
Keating was previously seen as the most likely candidate to replace Read.
The company said it is was now consider external candidates with a headhunter likely to start the search this week.
Read was CEO at the company for 14 years.
He announced he would be retiring ahead of schedule after the Logica board held an emergency meeting during the Bank Holiday weekend to discuss the company's difficulties.
He will remain with the company during the transition period.
Further reading:
LogicaCMG finance director, Seamus Keating
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Briefings
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
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