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Combined CSC / HPE business hands local post-merger leadership to Seelan Nayagam

Combined CSC / HPE business hands local post-merger leadership to Seelan Nayagam

Leadership line-up named for combined CSC and HPE Enterprise Services business

Seelan Nayagam - Managing director and vice president for Australia and New Zealand, CSC

Seelan Nayagam - Managing director and vice president for Australia and New Zealand, CSC

On 3 February, CSC also revealed its post-merger line-up of directors, with HPE president and CEO, Meg Whitman, set to take a place on the board, along with former chief operating officer of Deloitte Touche Tohmatsu, Manoj Singh, former senior vice president and CFO at Sungard Data Systems, Robert Woods, and Lawrie.

While the appointments of Whitman and Lawrie to the board were foreshadowed when the merger was first announced, the remaining board appointments were to be split equally between nominees of HPE and existing members of CSC’s board.

The proposed merger, valued at around $US8.5 billion, was announced on 24 May 2016, and saw HPE spin off its Enterprise Services business to free it up to join forces with CSC.

Billed as a “pure-play, global IT services powerhouse,” the deal brings together over 5,000 customers across 70 countries, with a combined $US26 billion in annual revenue.

At the time, HPE said the spin-off and merger was the “logical next step” in the turnaround of its Enterprise Services segment, allowing the standalone business to “sharpen its leadership” in building end-to-end infrastructure solutions across enterprise.

Meg Whitman - CEO, Hewlett Packard Enterprise
Meg Whitman - CEO, Hewlett Packard Enterprise

"The 'spin-merger' of HPE's Enterprise Services unit with CSC is the right next step for HPE and our customers," Hewlett Packard Enterprise CEO, Meg Whitman, said at the time.

"Enterprise Services' customers will benefit from a stronger, more versatile services business, better able to innovate and adapt to an ever-changing technology landscape," she said.

In an investors’ briefing on 2 February, Lawrie told CSC shareholders that the merger between CSC and Enterprise Services business of HPE was on track to close on or about 1 April 1, of this year.

“We have made substantial progress over the past several months, which includes completing all of our regulatory clearances required to close the merger,” he said, according to a transcript of the investors’ call on Seeking Alpha. “We continued our operational prep process via regular integration summits with HPES.”

“Over the past several months, we have taken additional important steps as we progress towards the merger close.

"We secured and are now complete with all the regulatory clearances that are a necessary condition to closing the merger.

“We continue to hold regular premerger integration summits to bring together the leaders of both organisations.

"Our focus has been on developing our operating model, building a one company culture, creating an optimal go-to-market strategy, and preparing detailed plans for synergies and value capture,” he said.

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Tags Hewlett-Packardcscenterprise servicesSeelan NayagamHPE

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