SunGard Announces Retirement of Philip L. Dowd

SOURCE: SunGard

WAYNE, Pa.--(BUSINESS WIRE)--Feb. 5, 2002--SunGard (NYSE:SDS - news) announced today that Philip L. Dowd has retired after serving 32 years with the Company and a predecessor firm. Mr. Dowd had been a senior vice president of SunGard Data Systems Inc. since October 1998.

James L. Mann, chairman and chief executive officer, stated, ``As one of the early architects of SunGard, Phil oversaw the rapid development of SunGard's investment, trust and investor accounting systems businesses. He is the visionary behind SunGard's processing strategy which formed the basis for our SunGard Transaction Network. We are grateful for what Phil has accomplished for SunGard, its employees and shareholders.''

Mr. Dowd is a cofounder of SunGard Investment Systems Inc., one of four original businesses that comprised SunGard's buy-out from Sun Company in 1983. As one of SunGard's most senior and key operating executives, he has played an instrumental role in SunGard's evolution from its formation then to today. He was president of SunGard Investment Systems Inc. from 1982 to 1990.

From 1990 to October 1998, Mr. Dowd was chief executive officer of the SunGard Trust and Shareholder Systems Group.

Mr. Dowd will continue his relationship with SunGard as a consultant to the Company. His responsibilities are being assumed by Robert Greifeld, who along with Michael K. Muratore and David E. Robinson, are the senior operating officers who report to Cristobal Conde, president and chief operating officer of SunGard.

Currently, Mr. Dowd serves as a trustee and the chairman of the Technology Transfer Committee of Carnegie Mellon University, where he earned a B.S. degree. He also earned an M.B.A. from the University of Chicago.

About SunGard

SunGard (NYSE:SDS - news) is a global leader in integrated IT solutions and eProcessing for financial services. SunGard is also the pioneer and a leading provider of high-availability infrastructure for business continuity. With annual revenues in excess of $1 billion, SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services institutions. Visit SunGard at www.sungard.com.

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Contact:

SunGard
Michael J. Ruane, 610/341-8709
or
Madeline Hopkins, 610/341-4357

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