Business
Capellas began his career at Republic Steel. He went on to hold senior executive roles at Schlumberger, Benchmarking Partners, SAP, and Oracle Corporation. Capellas joined Compaq Computer Corporation as CIO in 1998. In 1999, when President and CEO Eckhard Pfeiffer was forced to resign after a boardroom coup led by chairman Benjamin M. Rosen, Rosen took on the capacity of interim CEO while Capellas was elevated to COO. Several months later, Capellas became permanent CEO and Chairman of Compaq.
As Chairman and CEO of Compaq between 1999 and 2001, Capellas helped repair the relationship between Microsoft and Compaq, which had eroded over the years. His efforts resulted in Compaq becoming Microsoft's key strategic partner for the release of its Windows 2000 operating system.
In 2001, Capellas led Compaq into an acquisition by Hewlett-Packard, but the deal was delayed for eight months because of a proxy and boardroom battle within HP. Finally, on May 3, 2002, Hewlett-Packard announced approval of the acquisition and Capellas became president of the post-merger Hewlett-Packard, under CEO Carly Fiorina, to ease the integration of the two companies. However, Capellas was reported not to be happy with his role, being said not to be utilized and being unlikely to become CEO as the board supported Fiorina. Capellas stepped down on November 12, 2002, just six months on the job. His former role of president was not filled as the executives who reported to him then reported directly to the CEO.
In December 2002, Capellas became the turnaround President and CEO of WorldCom (later MCI). He led a successful restructuring of the organization, one of the largest in corporate history, and stepped down as CEO after MCI's merger with Verizon in 2006.
In December 2006, Capellas was appointed acting CEO of Serena Software, selected by Silver Lake Partners, the company that took Serena private in March 2006 and where Capellas served as an Senior Advisor.
On July 10, 2007, Capellas was identified as the new CEO of First Data Corporation. The position was to become effective upon the completion of the leveraged buy out (LBO) of First Data by private equity firm Kohlberg Kravis Roberts & Co..
Capellas is on the Board of Directors for Cisco Systems, and formerly on the national board of the Boys and Girls Clubs of America. In 2001, Capellas was inducted into the Warren, Ohio Schools Distinguished Alumni Hall of Fame.
Read more about this topic: Michael Capellas
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