Directorate Change
10 Dezember 2003 - 6:52PM
UK Regulatory
James Baker Resigns From EDS Board of Directors
PLANO, Texas, Dec. 10 -- EDS (NYSE: EDS) today announced James A. Baker III
has resigned from its board of directors following his appointment this month by
President George W. Bush to lead an effort to restructure and reduce Iraq's foreign debt.
"We wish Jim well. He has provided invaluable counsel to EDS over the
years and has been particularly helpful to me during my first nine months with
the company," said EDS Chairman and CEO Mike Jordan. "Given the requirements
of Jim's new role for President Bush, however, we fully understand his
decision."
Since 1993, Baker has been a senior partner of the Houston-based law firm
Baker Botts LLP and a senior counselor of The Carlyle Group, a merchant
banking firm. Baker served as senior counselor to the President of the United
States and White House Chief of Staff from 1992 to 1993, Secretary of State
from 1989 to 1992, Treasury Secretary from 1985 to 1988, and White House Chief
of Staff from 1981 to 1985.
"It has been an honor to serve on the EDS board, one of only two public
company boards that I've served on since leaving government service in 1993,"
said Baker. "I feel fortunate to have been associated with some exceptionally
talented individuals committed to EDS' success. Having participated in Mike
Jordan's selection as CEO, I have great confidence in his leadership and that
of the EDS management team in meeting the challenges of the future."
Baker had served on EDS' board since 1996. With the resignation, EDS will
have eight directors, including two management directors.
About EDS
EDS, the world's most experienced outsourcing services company, delivers
superior returns to clients through its cost-effective, high-value services
model. EDS' core portfolio comprises information-technology and business
process outsourcing services, as well as information-technology transformation
services. EDS' two complementary, subsidiary businesses are A.T. Kearney, one
of the world's leading high-value management consultancies, and UGS PLM
Solutions, a leader in product data management, collaboration and product
design software. With 2002 revenue of $21.5 billion, EDS is ranked 80th on
the Fortune 500. The company's stock is traded on the New York and London
stock exchanges. Learn more at www.eds.com .
CONTACT:
Sean Healy
212-610-8173
shealy@eds.com
SOURCE Electronic Data Systems Corporation
-0- 12/10/2003
/CONTACT: Sean Healy of Electronic Data Systems Corporation,
+1-212-610-8173, or shealy@eds.com /
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(EDS)
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