Plus   Neg

Unisys Names Mike Thomson Interim CFO As CFO Inder Singh Decides To Resign

Information technology company Unisys Corp. (UIS) announced Wednesday that Chief Financial Officer Inder Singh has decided to resign from the company, effective April 26 to serve as CFO with another company. Singh, who joined Unisys in March 2016, will work with the company on an orderly transition.

Meanwhile, Unisys has appointed Mike Thomson, corporate controller and principle accounting officer, as interim CFO.

The company noted that the resignation 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 all financial compliance and statutory reporting as well as 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 & Co., and has worked in various accounting and financial reporting roles for more than 25 years across a diverse set of business operations.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Alibaba is upgrading its intellectual property system using blockchain technology, according to local news outlet Sohu. Alibaba Platform Management expects this to benefit mainly small and medium-sized enterprises, brands and entrepreneurs. The technology will be fully implemented in September, and thereafter, the company intends to expand it to the field of digital copyright protection. Electronics retailer Best Buy Co., Inc. (BBY) reported Thursday a 27 percent increase in profit for the first quarter from last year, which was impacted by restructuring charges, and higher revenues. Both adjusted earnings per share and revenues for the quarter topped analysts' estimates. The company also provides guidance for the second quarter and reiterated its outlook for the full-year 2020. While reporting financial results for the second quarter on Thursday, Hormel Foods Corp. (HRL) lowered its earnings and net sales guidance for the full-year 2019. For fiscal 2019, the company now projects earnings in a range of $1.71 to $1.85 per share, and net sales between $9.70 billion and $10.20...
Follow RTT