Electronic Data Systems
named Edward Kangas to its board.
Kangas, who is former chairman and CEO of the accounting firm Deloitte Touche Tohmatsu and nonexecutive chairman at hospital giant
, becomes the 10th member of EDS' board. The Plano, Texas, computer outsourcing firm said its board now includes eight independent directors.
Kangas, 60, served as Deloitte's worldwide chairman and chief executive from 1989 to 2000. He is chairman of the National Multiple Sclerosis Society and a member of the boards of directors at
and the Committee for Economic Development.
"Ed Kangas is an outstanding addition to our board," said EDS chief Mike Jordan. "He is a recognized leader in the accounting profession with a track record of building a premier international services firm. EDS will benefit from his experience and leadership."
EDS was once an industry leader and Wall Street favorite, but its shares have plunged in recent years as a number of high-profile so-called megacontracts, notably one with the Navy, have turned into costly disasters. Jordan has pledged to slash debt and return the company to stable growth, but progress has been hard-won.
On Tuesday, EDS rose 24 cents to $17.77.