Saturday | 6 September, 2008
CIO
Blog: Michael Capellas to lead First Data
Meridith Levinson 11 July, 2007 23:57:08

Related Features
  • +

    From Here to Agility 02 October, 2007 11:13:57

    Study after study indicates that agile methodologies produce better results in software development and project management. So why have so few CIOs adopted them?
    Farm Credit Services of America doesn't sound like an organization that courts controversy. The cooperative association makes loans to more than 66,000 farmers and cattle ranchers in the US Midwest so that they can buy cows and pigs and tractors and backhoes. Its main reason for existence - providing $US11 billion of operating capital and real estate financing to those who feed America - is as homey as the images of corn fields, gently rolling green pastures and rugged, resolute farmers that adorn its marketing materials
  • +

    Doing Your Sums on . . . Build, Buy or Rent 05 November, 2007 13:32:30

    You’re trying to build a world-class IT team, but everyone’s going after the same talent pool. What mix works best? Should you grow your own, draft your players or barter your way to the line-up you want to field?
    CIOs should never forget that while new technologies have a maturity cycle, the maturity cycle for human beings in IT is even longer
  • +

    How to Get Real About Strategic Planning 04 February, 2008 12:50:59

    Everyone agrees that having a strategic plan for IT is a good thing but most CIOs approach the process with fear and loathing. In fact, the majority of CIOs (and the enterprises they work for) are faking it when it comes to strategic planning. Isn't it time we all got real?
    Oh, it must be nice to be the CIO of a FedEx or a GE or a Credit Suisse. Places where IT and the business are so tightly aligned you can barely tell the two apart. Where corporate leaders understand that IT is a strategic asset and support it as such
  • +

    Kimberly-Clark's Secrets to RFID Success 29 October, 2007 13:24:18

    The man in charge of keeping store shelves across the US stocked with Kleenex and Huggies reveals the company’s best practice for making RFID work
    As one of Wal-Mart's top suppliers, Kimberly-Clark got onboard the RFID revolution early and has been one of the technology's most ardent supporters. Mark Jamison, vice president of customer supply chain management, talked with CIO about the company's overall supply chain strategy, how RFID fits into the mix and how to make RFID work for the business
  • +

    10 tools to manage SOA 26 October, 2007 12:28:21

    Vendors step up to address the governance, quality and management technology triangle that ensures successful implementations
    Service-oriented architecture promises many positives: resource reuse, application integration, business agility and infrastructure flexibility, among others. But never do SOA proponents claim ease of management as one of the technology's glories.
Related Stories
  • +

    Networking's greatest debates in the Data Center 29 October, 2007 07:34:19

    All time classic debates include Mac Vs PC, Tape storage vs. disk storage and AMD vs. Intel
    A look at the greatest all time Data Center controversies in the history of the networking industry.
  • +

    10 IT security companies to watch 20 October, 2007 07:03:02

    Data-leak prevention, behavior-based malware detection among focus areas
    New companies have to be brash to enter the network security market, given that the industry has witnessed an explosion in creativity over the past five years and considering that big players such as Microsoft and IBM increasingly are throwing their weight around in security.
  • +

    Amazon CIO leaves customer service infrastructure 19 October, 2007 09:05:21

    A look back at Amazon's development.
    As senior vice president and CIO of Amazon.com, Rick Dalzell is the visionary behind the company's legendary e-commerce platform and personalization engine.
  • +

    Can Macs conquer the enterprise? 11 January, 2008 10:55:53

    The field is wide open for a Macintosh insurrection on the business desktop. It could happen, but probably won't. Here's why.
    If Apple were a football team, the New England Patriots would have had some serious competition this year.
  • +

    Networking's greatest debates in Software 29 October, 2007 07:42:58

    Classic debates include Open source vs. commercial software, Software-as-a-service vs. packaged applications,and Novell NetWare vs. Microsoft networking
    A Look at the all time greatest controversies in the history of the networking industry.

Michael Capellas was appointed CEO of First Data, the Denver-based electronic payment solutions provider announced Tuesday. Capellas will assume his new role once First Data is acquired by Kohlberg Kravis Roberts & Co. (KKR), which is expected by the end of the third quarter of 2007.

The former Compaq Computer CIO succeeds Henry "Ric" Duques, who announced his intention to retire from the chairman and CEO roles in late 2005.

Capellas has served as a senior adviser to investment firm Silver Lake Partners since 2006. Prior to that, he led MCI out of bankruptcy as the company's CEO from 2002 until it was acquired by Verizon in 2006. Before MCI, he was CEO of Compaq Computer from 1999 to 2002, during which time he helped broker the company's sale to HP. After HP bought Compaq, he was named president of the combined company.

Capellas originally joined Compaq in 1998 as CIO and served as COO before being named CEO. He holds a bachelor of business administration degree from Kent State University. He is a member of the Board of Directors of Cisco Systems and serves on the national board of the Boys and Girls Club of America.

Given Capellas' history of readying companies for sale as their CEO, I wouldn't be surprised if First Data is eventually sold to another company. Private equity firms such as KKR are also known for buying companies, turning them around and putting them up for sale.

Latest User Comments
There are no comments yet. Be the first to add one!

CIO Member Login

Market Place
 

2008 CIO Summit

19th August, 2008 Four Seasons Hotel, Sydney Developed in partnership with CIO Magazine, IDC, INTEP and the CIO Executive Council.

The world of the CIO is extremely complex and diverse. Multiple priorities demand attention and decisions are needed instantly. Individual teams need to be driven towards common goals, and businesses strive to become more mobile, agile and responsive. For CIOs, the challenge never ends.

Every year the CIO Summit identifies what is top of mind for CIOs across Australia and New Zealand, and offers insight for CIO benchmarking and vendor strategic planning alike.

Recent IDC research shows that over 59% of CIO's believe that 'to achieve their business strategies, technology should be used more aggressively than today.'

Join us on August 19th to discover how this is possible with the latest technologies including Virtualisation, Web 2.0, IP Surveillance and Software as a Service (Saas).

Click here for registration.

Click here for more information.

Please email Denyse_Robertson@idg.com.au for further information.

  • +

    CIO Live Podcast #79: Brent D Taylor, author of The Outsider's Edge: The Making of Self-Made Billionaires Part II 05 October, 2007 06:00:00

    For his new book, The Outsider's Edge: The Making of Self-Made Billionaires, social researcher Brent D Taylor spent four years of intensive research investigating the psychological make-up and backgrounds of some of the world's richest men and women, including IT luminaries Bill Gates, Larry Ellison and Steve Jobs. Taylor discovered that, despite working in different industries and coming from different upbringings, they all have one thing in common -- they are all outsiders.
  • +

    CIO Live Podcast #78: Brent D Taylor, author of The Outsider's Edge: The Making of Self-Made Billionaires 28 September, 2007 17:34:25

    For his new book, The Outsider's Edge: The Making of Self-Made Billionaires, social researcher Brent D Taylor spent four years of intensive research investigating the psychological make-up and backgrounds of some of the world's richest men and women, including IT luminaries Bill Gates, Larry Ellison and Steve Jobs. Taylor discovered that, despite working in different industries and coming from different upbringings, they all have one thing in common -- they are all outsiders.
  • +

    CIO Live Podcast #77: Panasonic Speeds Up Trans-Pacific File Transfers, Part III 21 September, 2007 07:00:00

    Part three in our three-part special report from CIO's sister publication Network World in the US, as Paul Desmond reports from the Network World IT Roadmap Conference in Santa Clara, California. With development teams in the US and Japan, Panasonic needed a more efficient way to move very large files between the two locations. Iben Rodriguez, IT consultant for Panasonic Research and Development, explains how a storage-area network and virtual server technology helped speed up WAN performance.
  • +

    CIO Live Podcast #76: Panasonic Speeds Up Trans-Pacific File Transfers, Part II 14 September, 2007 07:00:00

    Part two in our three-part special report from CIO's sister publication Network World in the US, as Paul Desmond reports from the Network World IT Roadmap Conference in Santa Clara, California. With development teams in the US and Japan, Panasonic needed a more efficient way to move very large files between the two locations. Iben Rodriguez, IT consultant for Panasonic Research and Development, explains how a storage-area network and virtual server technology helped speed up WAN performance.
  • +

    CIO Live Podcast #75: Panasonic Speeds Up Trans-Pacific File Transfers, Part I 07 September, 2007 07:00:05

    Part one in our three-part special report from CIO's sister publication Network World in the US, as Paul Desmond reports from the Network World IT Roadmap Conference in Santa Clara, California. With development teams in the US and Japan, Panasonic needed a more efficient way to move very large files between the two locations. Iben Rodriguez, IT consultant for Panasonic Research and Development, explains how a storage-area network and virtual server technology helped speed up WAN performance.
  • +

    Information security governance: Centralized vs. distributed 05 September, 2008 10:15:00

    Should security policies, procedures and processes be managed within a central body, or distributed at an individual level? You need to find the middle ground.
    The management of information risk has become a significant topic for all organizations, small and large alike. But for the large, multi-divisional organization, it poses the additional challenge of determining how to deploy an information security governance program among what are often disparate business units. Should the policies, procedures, and processes that define the program be developed and managed within a central, corporate body? Or perhaps responsibility would be better placed at the individual unit level? Is there a workable middle-ground?
  • +

    DNS error brings Sophos antivirus updates to a halt 05 September, 2008 13:40:00

    Optus, Internode and Equinix affected among others.
    A sporadic Domain Name Server (DNS) error has blocked Sophos anti-virus updates around the world.
  • +

    Ouch! Security pros' worst mistakes 04 September, 2008 08:05:00

    We've all done regrettable things on the job, but does any valuable wisdom come of it? Four security pros candidly explain their biggest blunders and what they learned in the process
    It was a mistake so bad the person who made it asked that his name and company not be mentioned here. Let's call him Frank.
  • +

    Security ROI: Fact or Fiction? 03 September, 2008 08:32:00

    Bruce Schneier says ROI is a big deal in business, but it's a misnomer in security. Make sure your financial calculations are based on good data and sound methodologies.
    Return on investment, or ROI, is a big deal in business. Any business venture needs to demonstrate a positive return on investment, and a good one at that, in order to be viable.
  • +

    Information Security and the Importance of Context 01 September, 2008 10:00:00

    Those entrusted with information security must raise their contextual awareness
    When the US Transportation Security Administration (TSA) was first created, it created a sudden need for tens of thousands of screeners. Getting a job as an airport screener was a pretty easy process. It seemed as though if you had a pulse, you were in. Jump forward to 2008 and becoming a screener is a bit harder as the TSA has instituted background checks, has upped the educational requirement to include a high school diploma or GED, and added other significant requirements.
CIO Webcast Innovation #8 - What are the biggest roadblocks to IT's involvement in innovation at your company?
Watch the latest latest edition of CIO Innovation which is now available for download.
Watch the webcast
Sign up to the CIO Innovation update email


CIO Live Podcast #79: Brent D Taylor, author of The Outsider's Edge: The Making of Self-Made Billionaires Part II
Listen to the latest edition of CIO Live which is now available for download.
Listen to the podcast
Sign up to the CIO Live email
Whitepaper

The Secrets of C-Suite Success

With help from the CIO Executive Council, we tap into research about successful executives. Read on to learn more about the competencies CIOs need to develop to take the corner office, where CIOs fall short and what CEOs expect from CIOs.

Sponsored Links