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SunGard Employee Benefit Systems Names David Kennedy President.


Business Editors

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Dec.1, 2000

Industry veteran leads company into eProcessing market

SunGard Employee Benefit Systems (SunGard EBS See Swiss Electronic Bourse.

EBS

See electronic blue sheet (EBS).
), an operating group of SunGard (NYSE NYSE

See: New York Stock Exchange
: SDS 1. (company) SDS - Scientific Data Systems.
2. (tool) SDS - Schema Definition Set.
), announced David Kennedy's promotion to president.

As president of SunGard EBS, Mr. Kennedy is responsible for managing the continued growth of the company as it continues its expansion in the international market and evolves its primarily software oriented business model to an eProcessing model for the domestic retirement plan services market.

"David is uniquely qualified to serve in his new capacity as president of SunGard Employee Benefit Systems," said chief executive officer of SunGard Employee Benefit Systems group, Ray Davis Ray Davis may refer to:
  • General Ray Davis (U.S. Marine) (1915-2003), Medal of Honor recipient – hero of the Battle of Chosin Reservoir (Korean War)
  • Ray Davis (banker), chief executive officer of Umpqua Holdings Corporation, a United States financial institution.
. "With more than 20 years of experience, David has managed all components of our business, including sales and marketing, product development, and customer support. We have appointed David to this new position as president not only to recognize his dedication and outstanding service to our firm, but also to entrust him with the future of our organization in this rapidly-evolving industry."

Mr. Kennedy began his career with SunGard EBS as a product manager and was instrumental in the development of the company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation.  OmniPlus, a comprehensive defined contribution plan Defined contribution plan

A pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan
 administration system. For ten years, Mr. Kennedy has exceeded sales goals, and he received the SunGard Leadership Award for eight years. He was later promoted to vice president of Sales and Marketing where his responsibilities included overseeing all department activities and establishing and maintaining both financial and professional relationships with customers. Prior to joining SunGard EBS, Mr. Kennedy was sales manager for Dorsey Laboratories.

As an industry expert, Mr. Kennedy frequently speaks at industry shows including SPARK and the Profit Sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of  Council. In addition, Mr. Kennedy is a member of the Profit Sharing Council of America, the American Management Association, as well as a member of the Commerce Executive Society at the University of Alabama The University of Alabama (also known as Alabama, UA or colloquially as 'Bama) is a public coeducational university located in Tuscaloosa, Alabama, USA. Founded in 1831, UA is the flagship campus of the University of Alabama System. .

Mr. Kennedy holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science
BS, SB

bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies
 degree in Business Administration from the University of Alabama and participates in the Advanced Business Studies program at Samford University, which is part of the Masters of Business program.

About SunGard

SunGard Employee Benefit Systems is an operating group of SunGard (NYSE: SDS), a global leader in integrated IT solutions and eProcessing for financial services. SunGard is also the pioneer and a leading provider of high-availability infrastructure for business continuity. With annual revenues in excess of $1 billion, SunGard serves more than 10,000 clients in more than 50 countries, including 47 of the world's 50 largest financial services institutions. Visit SunGard at http://www.sungard.com .

Trademark information: SunGard(R) and the SunGard logo are registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders..
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 1, 2000
Words:467
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