SIR DOMINIC CADBURY is to step in as temporary chief executive of Misys as the company has today confirmed Kevin Lomax, its long-serving chief executive and co-founder, is stepping down, says the Daily Telegraph .
Cadbury hopes to announce a successor to Lomax by mid-October, but it is thought his departure has been prompted by the firm’s inability to convert takeover bids recently submitted to the company. Three former Misys executives – Ross Graham, John Sussens and Mike O'Leary – who sought a “management walk-in” – are now urging Misys to appoint them as soon as possible to run the company. The three want to break up the company, as they believe there are no synergies between the group's three main core businesses of banking software, healthcare software and financial advice, says the paper....
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