Email
Print
ShareCardinal Health's New CIO On Board Of Firm IBM Is Buying
Posted by Bob Evans on Jul 28, 2009 12:07 PM
It's been quite a week for former Motorola CIO Patty Morrison: first she's named CIO of $91 billion Cardinal Health, and then a couple of days later IBM agrees to acquire SPSS, on whose board she sits, for $1.2 billion. And third, tomorrow Morrison will be a featured speaker at our online Global CIO Summit virtual event: "Driving Business Value and Customer Value in the Global Economy."
Morrison's first day as CIO at Cardinal Health will be Monday, August 3, and it could have been awkward for her to undertake that new position while also serving on the board of a software company whose products Cardinal Health might or might not decide to buy.
But IBM's announcement of its intention to acquire SPSS for $50 a share – a 42% premium over SPSS's share price at the time of the announcement – will remove that potential awkwardness and any sense of conflict of interest that might have arisen. Morrison will retain her position as a member of another publicly held company, Jo-Ann Stores Inc., and she also serves on the boards of non-profits the Lyric Opera of Chicago and the Chicago Symphony Orchestra.
As we noted yesterday, in taking the CIO spot at Cardinal Health, Morrison replaces long-time CIO Jody Davids, who nine months ago decided to step down at this time so that she can focus on writing and speaking about leadership issues.
And tomorrow, you can hear Patty Morrison talk about CIOs' interactions with boards of directors during our day-long virtual event, which you can attend online by registering here. We'll have a dozen world-class CIOs and other experts offering the latest strategies on how business-technology leaders can help their companies drive business value and customer value in the global economy – please join us.
This is a public forum. United Business Media and its affiliates are not responsible for and do not control what is posted herein. United Business Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.
Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of United Business Media LLC and may be edited and republished in print or electronic format as outlined in United Business Media's Terms of Service.
Important Note: This comment area is NOT intended for commercial messages or solicitations of business.