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Industry Spotlight > Mergers and Acquisitions

ADP Veteran Takes Over As BISYS Chairman

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NU Online News Service, Sept. 1, 2004, 12:25 p.m. EDT

Robert Casale has succeeded Lynn Mangum as chairman of the board of BISYS Group Inc., New York.[@@]

Mangum has been chairman of BISYS since the financial services support company was founded in 1989. He officially decided to step down as chairman in October 2002, BISYS says.

Mangum was a corporate vice president and a division president at Automatic Data Processing Inc., Roseland, N.J., before he helped start BISYS.

Casale, Mangum’s successor, was group president of brokerage information services at ADP from 1988 to 1998.

Casale, who has been a member of the BISYS board since 1997, also has been an executive in the special markets group at AT&T Corp., Bedminster, N.J., and a managing director for high-tech mergers and acquisitions at Kidder Peabody & Company, New York.

In related news, BISYS has added another ADP veteran, Richard Haviland, to its board. Haviland spent 20 years working for ADP. When Haviland retired in 2001, he was ADP’s chief financial officer.