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Unisys boosts COO to CEO

Joseph McGrath will take over as CEO of Unisys next year, replacing Lawrence Weinbach.

Unisys on Friday announced elevation of its president and chief operating officer Joseph W. McGrath as its next chief executive officer. The appointment takes effect Jan. 1, the company said. McGrath replaces incumbent chairman and CEO Lawrence A. Weinbach, who will now continue as chairman through January 2006.

McGrath was elected president and COO in April of this year. Prior to that, he was corporate executive vice president and president, enterprise transformation services at Unisys. He joined the company in 1999 as senior vice president of major accounts sales and chief marketing officer.