Ceridian Announces Management Change at Comdata
MINNEAPOLIS (May 14, 2007) – Ceridian Corporation (NYSE: CEN) today announced that Gary Krow, Executive Vice President of Ceridian Corporation and President of Comdata, a division of Ceridian, has been terminated for violations of Ceridian’s Code of Conduct. The violations include unauthorized meetings with and disclosure of confidential information to Pershing Square Capital and other third parties. Information about the misconduct came to the attention of the Board through documents and testimony provided in legal proceedings commenced by Pershing Square.
Jim Burns, Executive Vice President and President of Ceridian International, has been appointed Interim President of Comdata, effective immediately. Robert Skiba, Executive Vice President and General Manager, Comdata Stored Value Solutions and Brett Rodewald, Executive Vice President and General Manager, Transportation Services Division, will now report directly to Mr. Burns.
Mr. Burns has more than 30 years of international business experience in the retail, manufacturing and service sectors. Prior to joining Ceridian in 1998, Mr. Burns was the Group Chief Financial Officer for PCL plc. Born in Scotland, Mr. Burns studied Accountancy, Law and Economics at Glasgow University and became a member of the Institute of Chartered Accountants of Scotland in 1972.
Source: Ceridian
