Calian Announces Promotion of Shaun McEwan to Role of President and CEO.Business Editors KANATA, Ontario--(BUSINESS WIRE)--May 9, 2000 Larry O'Brien
Lawrence "Larry" Francis O'Brien, Jr. (July 7 1917 – September 28, 1990) was one of the United States Democratic Party's leading electoral strategists when, for more than two , Chairman of Calian (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CTY CTY - /sit'ee/ or /C-T-Y/ [MIT] The terminal physically associated with a computer's system console. The term is a contraction of "Console tty", that is, "Console TeleTYpe". .), is pleased to announce the promotion of Shaun McEwan to President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Calian, effective immediately. Mr. McEwan joined Calian in 1996 as Director of Corporate Finance and was promoted to the position of Chief Financial Officer in June of 1997. In this position Shaun had responsibility for both financial performance and corporate strategy. Shaun has been a leading member of the Senior Executive through the company's transformation over the last four years as it moved from $49 million to over $100 million in revenues with an increase in return on investment from 8% to 22% in the last two years. Shaun's major initiatives have been on the development and implementation of Economic Value Added Economic value added (EVA) A method of performance evaluation that adjusts accounting performance for investors' required return on investment. Suppose a division produces a 12% return on capital invested. as the primary driver of financial decision making and the architect of Calian strategic business direction and operational business lines as champion of corporate acquisitions. "Shaun, in his previous role as Executive Vice President and Chief Financial Officer, played an integral part in the transformation of Calian to a services company focused on significant growth opportunities in the Business-to-Employee (B2E B2E Business to Employee B2E Business to Enterprise ) sector," said Mr. O'Brien. "I am confident that his strong vision of Calian's future will be fundamentally important to the Company as it enters the next phase of its corporate development." Under Mr. McEwan's direction, Calian's management team will continue to focus on its emerging B2E business. By the end of 2001, this business is expected to represent at least one-third of Calian's total revenue. In 1999, e-business represented approximately 14% of the Company's revenues. Larry O'Brien will continue in his role as Chairman of Calian. His move is consistent with his commitment to see Calian through its transformation. "I believe strongly that Calian has never been in a better position to build value for its shareholders. Shaun and his management team, because of its intimate involvement in our progress during the last three years, is the natural choice to lead." O'Brien will continue to make a significant strategic contribution from his position on the Board. Calian is a leading professional and technical services company helping customers become more successful through three strategic offerings: e-Business solutions, Human Asset Management solutions, and Systems Engineering solutions. Calian's e-Business solutions focus on helping clients take advantage of new e-business technologies to leverage their knowledge capital, and make their workforce more productive and better informed. Human Asset Management solutions give our clients the ability to exercise critical workforce control. Systems Engineering provides leading-edge communications infrastructures to the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and government sectors. Ranking among the top professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. organizations in Canada, Calian has annual revenues of more than $100 Million and a staff base of more than 2,200. Investing in new markets and new opportunities, Calian now serves customers in over 14 countries on six continents Six Continents is a large retail PLC in UK which split into Six Continents Retail known as Mitchells and Butlers plc. The hotels and soft drinks business of Six Continents PLC is now known as InterContinental Hotels Group PLC. . |
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