Computer Sciences Corporation (NYSE:CSC) announced the appointment of Mike Lawrie, CSC president and CEO, as chairman of the company’s Board of Directors, along with the appointments of Dr. Mukesh Aghi and Herman E. Bulls as directors. Chairman Rodney F. Chase, who has served as a director since 2001, and Erik Brynjolfsson, who became a director of CSC in 2010, have retired from the company’s Board.
“For well more than a decade, Rodney Chase has served CSC with great commitment and distinction,” Lawrie said. “On behalf of our board, I want to thank both Rodney and Erik for their outstanding service to our company and shareholders. And I want to welcome Mukesh and Herman, both of whom bring proven leadership skills and extensive global business experience, to our board.”
Additional board actions included the appointment of Bruce Churchill in the role of Lead Independent Director, reflecting the company’s commitment to strong corporate governance. Churchill was also appointed Chairman of the Nominating and Corporate Governance Committee.
Additionally, Peter Rutland will serve on the Audit Committee. Aghi will serve on the Compensation Committee and on the Nominating and Corporate Governance Committee. Bulls will serve on the Nominating and Corporate Governance Committee.
Aghi is president of the U.S.-India Business Council and has more than 27 years of experience across diverse industries. He served as chairman and CEO of Steria India. He has also served as president of IBM India and worked with J.D. Edwards and Ariba, with postings in France, the United Kingdom, Japan, Singapore, India and the United States. Aghi has been associated with Universitas 21 Global, the world’s largest consortium of research-led universities and a global leader in providing post-graduate online education.
Aghi holds an advanced Management Diploma from Harvard Business School, an MBA in International Marketing from Andrews University, Michigan, and a Ph.D. in International Relations from Claremont Graduate University in California. He earned a BA in Business Administration from the Middle East College, Beirut, Lebanon.
Herman E. Bulls
Bulls is vice chairman, Americas of JLL, an international financial and professional services firm that specializes in commercial real estate services and investment management. He founded and led the firm’s Public Institutions specialty as chairman and CEO and currently serves as International Director of JLL Global Markets, focusing on client relationships and mergers and acquisitions. He also co-founded and served as president and CEO of Bulls Capital Partners, a commercial mortgage banking firm. Before joining JLL, Bulls completed nearly 12 years of active duty service with the United States Army and retired as a Colonel in the U.S. Army Reserves.
Bulls is a member of the Executive Leadership Council, an organization of senior African American business executives from Fortune 500 companies, and former chairman of the Executive Leadership Foundation. He is former vice chairman of the West Point Association of Graduates board of directors. He earned a BS degree in engineering from the U.S. Military Academy at West Point and a MBA degree in finance from Harvard Business School.
Bulls also serves on the boards of Tyco International and Comfort Systems, USA. (Original Source)
Shares of Computer Sciences closed today at $30.31, up $0.42 or 1.42%. CSC has a 1-year high of $39.14 and a 1-year low of $29.56. The stock’s 50-day moving average is $49.05 and its 200-day moving average is $53.30.
On the ratings front, Computer Sciences has been the subject of a number of recent research reports. In a report issued on December 1, Suntrust Robinson Humphrey analyst Frank Atkins downgraded CSC to Hold. Separately, on November 5, Deutsche Bank’s Bryan Keane maintained a Hold rating on the stock .
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Frank Atkins and Bryan Keane have a total average return of -10.2% and 14.0% respectively. Atkins has a success rate of 50.0% and is ranked #2583 out of 3616 analysts, while Keane has a success rate of 73.8% and is ranked #122.
Computer Sciences Corp provides information technology (IT) and professional services and solutions. The Company’s reportable segments are Global Business Services (GBS), Global Infrastructure Services (GIS), and North American Public Sector (NPS).