Former MCI chief to lead First Data
From Times Wire Services
Michael Capellas, the former chief executive of MCI Inc., will head First Data Corp. after the $25.6-billion buyout of the world’s biggest credit card payment processor by Kohlberg Kravis Roberts & Co.
Capellas, 52, was MCI’s CEO from 2002 until its 2006 purchase by Verizon Communications Inc. Before that, he led Compaq Computer Corp.
Capellas’ priorities will include expanding First Data internationally and bolstering customer ties, the Greenwood Village, Colo.-based company said in a statement.
Since 2006, Capellas has been an advisor to buyout firm Silver Lake Partners.
