London: Long serving Logica executive Seamus Keating left the firm this week, after grappling with the firm's struggling Benelux business since 2010.
Keating's resignation from Logica's Executive Committee and Board took immediate effect, and came after thirteen years with the firm.
In a statement to investors Logica said, "Since taking on the leadership of the Benelux business at the end of 2010, Seamus (Keating) has completed the steps to ensure the successful execution of the restructuring programme announced in December 2011. Based on the performance of the business in the first two months of the year and the plans we have in place, we continue to expect the Benelux to return to profitability for 2012."
Serge Dubrana, Chief of Operations, will take executive responsibility for the Benelux business in addition to his existing role. The process is under way to recruit a local leader for our Dutch business which will be announced in due course.
Keating joined Logica in 1999 when it had less than 9,000 people, compared to around 41,000 today. He served as Group CFO from 2002 until the end of 2010.
Andy Green, CEO, said, "Seamus has been a real team player through his career at Logica. He contributed significantly to the transformation of the business from 1999 to 2010 and agreed to lead the Benelux business through a challenging time over the last fifteen months. This required tremendous personal commitment, which is typical of Seamus' dedication to the company throughout his time with Logica. The Board joins me in thanking him and wishing him every success as he moves to this new stage of his career."
Seamus Keating added, "Logica now has a strong team in place in the Benelux and I have learned a lot working with them. The turnaround plan for the business is now firmly in place and I have every confidence that this will position the company to succeed going forward."