CDC Corporation (CHINA) announced that as part of its announced strategic review and executive management restructuring, it has begun the process to integrate each of its business services and software businesses under its software unit, the CDC Software group.
To enhance long-term value for the CDC Software group, the leadership team has embarked on a process to unify the various operations to capitalize on the complimentary strengths of each unit within the group while maintaining its respective industry and product focus. This is expected to achieve productivity improvements and annualized cost savings of approximately US$4 million to US$5 million.
J. Patrick Tinley has been promoted from his position as Chief Executive Officer of Ross to the newly created position of Chief Executive Officer of the CDC Software group where he will oversee all of the company's software and business services operations globally.