Hitachi Consulting Announces Planned Retirement Of CEO Philip Parr
Hitachi Data Systems EVP of Global Services Hicham Abdessamad Appointed as Successor
DALLAS, Sept. 1, 2015 /PRNewswire/ -- Hitachi Consulting, a leading provider of IT consulting and managed services, announced today that President and CEO Philip Parr will retire at the end of September 2015. Hitachi Data Systems Executive Vice President of Global Services Hicham Abdessamad will assume the role, effective October 1, 2015.
Parr will retire after more than six years as CEO and 13 years with Hitachi Consulting. During his tenure, the company grew from predominately a US-based technology consultancy with 1,200 employees, to a global business and IT consultancy with over 6,500 employees speaking 25 languages and operating in 50 countries. The company established multiple off-shore delivery locations and a base of offices in all major geographies around the world, while tripling revenue and creating a balanced portfolio of business consulting, technology implementation and outsourcing services.
"Seeing the company grow, our base of talent expand around the world, and positioning Hitachi Consulting as Hitachi's global consulting and IT services company was an exciting and highly satisfying period for me as president and CEO," said Parr. "But what is the most fun in this business is working with our customers and talented people. During the last few years I have worked with Hicham and come to respect his capabilities as a leader, and I know we share the same passion for excellence and drive to deliver the highest levels of customer value. I am very pleased that Hicham will be leading Hitachi Consulting into its next round of growth and services innovation."
Abdessamad currently serves as executive vice president of global services at Hitachi Data Systems and is a current Hitachi Consulting board member. Abdessamad will report to Jack Domme, chairman of the board of Hitachi Consulting. Abdessamad takes on this new role after his successful leadership of the Hitachi Data Systems (HDS) Global Services business – doubling its annual revenues to US$1.3 billion. He will vacate his role with HDS, effective September 30.
"Hicham has been a critical leader in helping Hitachi Data Systems transform from a hardware company into a complete solutions company, where software and services account for more than 60 percent of our total revenues," said Domme. "He has helped drive increased synergies between Hitachi Consulting and HDS for a number of years to support our mutual enterprise customers, as well as emerging projects to support Hitachi's Social Innovation business. Hicham is a proven senior executive who brings a passion for winning, the ability to build and lead world-class teams, and a laser focus on unrivaled client experience."
"Phil has developed Hitachi Consulting into a global leader in consulting services and has been a close collaborator with my team at HDS for many years," said Abdessamad. "I want to thank him for all of his contributions, not only to Hitachi Consulting but to the entire Hitachi ecosystem. I'm thrilled with this new role, and look forward to helping drive continued growth for Hitachi Consulting and, most importantly, greater strategic value for our global clients."
About Hitachi Consulting
Hitachi Consulting is the global management consulting and IT services business of Hitachi Ltd., a global technology leader and a catalyst of sustainable societal change. In that same spirit — and building on its technology heritage — Hitachi Consulting is a catalyst for positive business change, propelling companies ahead by enabling superior operational performance. Working within their existing processes and focusing on targeted functional challenges, we help our clients respond to dynamic global change with insight and agility. Our unique approach delivers measurable, sustainable business results and a better consulting experience. For more information visit: www.hitachiconsulting.com
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges with our talented team and proven experience in global markets. The company's consolidated revenues for fiscal 2014 (ended March 31, 2015) totaled 9,761 billion yen ($81.3 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes power & infrastructure systems, information & telecommunication systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
HITACHI is a trademark or registered trademark of Hitachi, Ltd.
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SOURCE Hitachi Consulting
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