Tom Skelton has resigned as chief executive officer and as a director of Misys Healthcare Systems, a Raleigh, N.C.-based division of Misys, a global software company headquartered in London. He will stay on until a successor has been found. The same is true of Finance Director Howard Evans, who will continue in his position and as a director until the end of the company's financial year while a search is conducted for his replacement, a Misys news release said.
Jasper McMahon, however, has already left his posts as corporate development director and as a company director. The news release said a process to appoint his successor is already under way and "an announcement will be made in due course."
In a separate news release announcing the company's financial results for the six months ended Nov. 30, 2006, Mike Lawrie, chief executive of the parent company, noted that, while the company's banking businesses grew, its healthcare division did not.
"In healthcare, our performance was unacceptable and we have taken action to address this; early indications are positive, and we will take further action if necessary," Lawrie stated. "We are in the process of developing a full turnaround plan for Misys to deliver value for our customers, employees and shareholders. I'll be saying more about our plans in early March."
During the transition period, Paul Lewis, who joined Misys Healthcare Systems on Jan. 16 as senior vice president, sales and services, will act as the healthcare division's general manager. Like Lawrie, he previously held an executive post at IBM, serving as the worldwide general manager of its Global Services Consulting Group as well as leading its worldwide healthcare consulting practice.
The company also announced that Eileen McPartland has been appointed to the new position of executive vice president of global sales and services. She will join Misys on Jan. 29 and will focus on building the banking and healthcare businesses. She most recently worked as senior vice president, North America consulting, at Oracle Corp., a role which included responsibility for Indian offshore consulting practices, the news release said.
Reuters reported that investors applauded the news and the price of Misys stock rose 6% in today's early trading.
Lawrie, a former IBM senior vice president and chief executive at San Mateo, Calif-based Siebel Systems, became group chief executive of Misys on Nov. 1, replacing Kevin Lomax who resigned from the company's top spot for the "best interests of the company" last October.
In 2006, Misys offered itself for sale and found no takers, and it terminated the offer process Sept. 29. Misys Healthcare Systems serves some 110,000 physicians in 18,000 practice locations and 1,200 hospitals.