EDS Names Ron Vargo As Chief Financial Officer

22 Aug 2006 - PLANO, Texas – EDS today said it has named Ron Vargo as executive vice president and chief financial officer effective immediately. Vargo has served as EDS’ corporate treasurer since 2004 and interim co-CFO since March of 2006. Vargo will retain his current duties as corporate treasurer on an interim basis.

“After a careful evaluation of both internal and external candidates, we felt Ron was the best choice as our new chief financial officer,” said Mike Jordan, EDS chairman and chief executive officer. “Since becoming treasurer in 2004 and interim co-CFO six months ago, Ron has consistently demonstrated his strengths as both a financial and strategic leader. We are confident he has the qualities necessary to help drive EDS forward as we continue to lay the foundation for future growth.”

Prior to joining EDS, Vargo served as corporate treasurer and vice president of Investor Relations for TRW, Inc. Vargo began his career with General Electric, serving in a number of auditing and financial positions. He advanced through a number of assignments in treasury, business development, and general management at The Standard Oil Company (subsequently British Petroleum) before joining TRW in 1991. Vargo holds an MBA from Stanford University and a bachelor’s degree in economics from Dartmouth College. He and his wife, Kathy, have three children.
About EDS

EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 40 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.

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Travis Jacobsen

EDS

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