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Wed, Jun 18, 2008 17:25 EDT

CIOs Promoted to CEO and COO at Pegasus Solutions and Vital Signs

Topic: Personal Management

Blog: Movers and Shakers

Current Rating: 4 Comments: 2

Plus: Bob DeRodes scores another board appointment; Bank of America puts its chief technology and operations exec in charge of consumer mortgage lending business; Becky Wanta joins a new company and much more.

Mike Kistner's career is flying high. He landed in the CEO role at Pegasus Solutions, a provider of airline and hotel reservation systems, on June 10, 2008. Kistner, 51, most recently served as Pegasus Solutions' COO. He succeeds John Davis, "who has chosen this time to pursue other opportunities, following Pegasus' successful launch of the market-leading RezViewNG reservation system," according to the press release announcing Kistner's appointment.

Kistner has spent his entire career in the travel services industry. Prior to joining Pegasus Solutions as its SVP of operations and service delivery in 2005, Kistner was CIO and SVP of distribution at Best Western International. Before that, he was an SVP with Cendant. He also previously served as Super 8 Motels' EVP of operations and as VP of MIS and reservations at HFS Inc. Kistner holds a Bachelor of Science degree in accounting and information systems from Northern State University in Aberdeen, S.D. He earned a Master of Science in information systems from Colorado State University. Kistner is the past chairman and current member of the e-commerce committee of the American Hotel & Lodging Association.

Bob DeRodes has joined a second board of directors since he announced his decision to leave his post as EVP and CIO of Home Depot in early April. Veracode, a provider of application security testing solutions, announced it had appointed DeRodes to its board of directors on June 9.

Former BellSouth CIO Fran Dramis was appointed to Netezza's board of directors. Dramis left his post as EVP, CIO and e-commerce and security officer of the telecom in early 2007, after it was acquired by AT&T. Since then, he started his own IT consulting company. Dramis also serves on RealOps' board of directors. Dramis has appeared in a number of CIO articles over the years, including one on his mentoring strategy and another on IT's role in social responsibility.

Bank of America is banking on its chief technology and operations officer to lead consumer real estate operations for the company after it completes its acquisition of Countrywide Financial. Bank of America appointed Barbara Desoer, 55, president of Countrywide and BofA's consumer real estate business on May 28th. In her new role, Desoer continues to report to Chairman and CEO Ken Lewis and is based in Calabasas, Calif.

Desoer has worked for Bank of America since 1977 and held leadership positions in commercial lending, credit administration and retail banking before being named group executive vice president with responsibilities for the California Retail Banking Group in 1996. Two years later she earned another promotion, to president of Northern California banking. She was then switched into marketing in 1999 before being named consumer products executive. She was appointed chief technology and operations officer in 2005.

Marc Gordon was named CTO of Bank of America. He reports to the CFO, Joe Price.

Countrywide Financial's CIO Richard Jones left the company before the BofA deal was publicly announced and


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Thu, Jun 19, 2008 14:59 EDT
Posted by: Mark Cummuta
Rating:

Its not too often that you see CIOs being promoted to other roles, and here we have several. I've seen it, and in fact been called on to fill in as the interim COO when there's a gap in need during a recruiting effort. So congratulations to these individuals! May they be the start of new trend in recognizing talented individuals throughout an organization's executive team.

Mark Cummuta

 
Thu, Jul 31, 2008 16:27 EDT
Anonymous user
Posted by: Anonymous
Rating:

Good thing it was only a contract hire. Any word on why she had such a short tenure at Best Buy, or reasons for leaving PepsiCo, or why she left SouthWest Airlines after such a short tenure?

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