Unisys Announces Resignation of Chief Financial Officer Inder M. Singh, Appointment of Controller Mike Thomson as Interim CFO
BLUE BELL, Pa., April 10, 2019 – Unisys Corporation (NYSE: UIS) today announced that Chief Financial Officer (CFO) Inder M. Singh has decided to resign from the company effective April 26 to serve as CFO with another company. Unisys has appointed Mike Thomson, corporate controller and principal accounting officer, as interim CFO.
Singh, who joined Unisys in March 2016, will work with the company on an orderly transition. His strategic and financial acumen have helped drive Unisys' transformation. His pending departure is not based on any disagreement with the company's accounting principles, practices or financial statement disclosures.
Thomson, who joined Unisys in December 2015, provides overall accounting leadership with worldwide responsibility for U.S. GAAP compliance; SEC and local statutory reporting; global transaction processing for accounts payable, accounts receivable, credit and collections, fixed asset accounting and project accounting; and the establishment of global accounting policies, controls and corresponding governance. Prior to joining Unisys, Thomson served as principal accounting officer and controller of Towers Watson & Company, and has worked in various accounting and financial reporting roles for more than 25 years across a diverse set of business operations.
"We are fully confident that Mike will be able to leverage his deep understanding of the company in helping Unisys continue to work toward achieving our financial goals for 2019," Unisys Chairman and CEO Peter Altabef said. "We thank Inder for his valuable service and wish him well in his new position."
Unisys is a global information technology company that builds high-performance, security-centric solutions for the most demanding businesses and governments on Earth. Unisys offerings include security software and services; digital transformation and workplace services; industry applications and services; and innovative software operating environments for high-intensity enterprise computing. For more information on how Unisys builds better outcomes securely for its clients across the Government, Financial Services and Commercial markets, visit www.unisys.com.
RELEASE NO.: 0410/9667
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