The PWA Group has completed a management shake-up following its $387m (#255m) acquisition by Great Plains - while chief executive officer Paul Wallace has announced his intention to remain with the company, writes Alex Miller.
PWA founder Wallace headed up the restructuring but was widely tipped to leave after the acquisition. However, he moved firmly last week to quash the rumours.
Wallace said of his expected departure: ‘I am not going anywhere and was not even aware of the rumours until recently.’
He added the restructuring was essential in order to move the company forward.
‘PWA will be leading the global HR and payroll product strategy for Great Plains. To do this effectively we need to maximise company strengths, like using multi-disciplinary regional teams to keep close and responsive to our customers.
‘Yet we also need to make positive adjustments like providing greater role clarity to increase our teams’ focus.’
Meanwhile fellow PWA founder Geoff Burch has been seconded from the commercial director position to general manager of HR/payroll for Great Plains global product team – becoming the first product general manager to work from Marlow.
PWA has also admitted it will change its name to Great Plains in the long term. But it is thought the company will first change its name to Great Plains/PWA.
The March acquisition of PWA – the parent company of PWC Personnel Systems – was designed to allow the companies to ‘offer a one-stop shop for integrated e-business software solutions to the mid-market’.