By Dan Ilett, 21 April 2006 12:35
NEWS
The CEO of Misys Banking Systems (MBS) has stepped down after only one month in the job.
Steve Vaughan, who joined the company on 20 March, yesterday announced his uncompensated departure after disagreements over the future direction of MBS.
An MBS spokeswoman told silicon.com: "Since his arrival it emerged there were material differences. There were efforts made to reconcile that but it turned out not to have been possible so they decided it was better to go their own separate ways."
MBS would not say exactly why Vaughan left but admitted it was over disagreements on "business models and company strategy".
Vaughan moved to the job from his position as group CEO at IT services company Synstar, which is now part of HP.
Kevin Lomax, CEO of parent company Misys, will take on Vaughan's job for the time being.
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