Dallas-based ACS names Daisy Fernandez Seebach Chief Ethics Officer

by PegNews wire

DALLAS — Affiliated Computer Services, Inc., a Dallas-based provider of business process outsourcing and information technology solutions, announced today that Daisy Fernandez Seebach will join the Company January 23, 2007, as Vice President and Chief Ethics Officer. In her new role, Seebach will report to President and Chief Executive Officer Lynn Blodgett and provide strategic focus on the ethics and values of the Company's business around the world. She will also coordinate and communicate ethics activities, as well as implement and monitor programs that detect and prevent unethical or illegal conduct.

Seebach has more than 25 years of labor and employment law, ethics, compliance, and administration experience, most recently as the Senior Ethics Officer and Ombudsman at Merck & Co., Inc. In that role, she assisted employees in resolving work-related issues and in managing ethics and compliance matters.

ACS's new ethics officer arrived not a moment too soon.

The hiring follows November's events in which ACS' CEO Mark A. King and Chief Financial Officer Warren D. Edwards resigned following a probe into the company's stock option practices. ACS said that the investigation found that the executives violated ACS' ethics code.

The company began an investigation into its stock option granting practices after an informal investigation by the SEC. The company also received a grand jury subpoena from the U.S. Attorney for the Southern District of New York to produce documents related to the granting of stock options dating back to 1998. you can read ACS' full press release regarding this here.

Source: Affliated Computer Services, Inc.