Joseph W. McGrath has announced he will step down as President and CEO of Unisys Corporation, effective by year-end 2008. Mr McGrath has served as chief executive officer since 2005.

The company said the board of directors and Mr. McGrath agreed that a change in leadership would best enable Unisys to move forward on accelerating execution of the company’s strategy. McGrath will continue to lead the day-to-day operations of the company until a successor has been identified.

“It has been an honor and a privilege for me to lead Unisys and I am proud of what we have achieved in many areas,” said Mr. McGrath. “I’d like to personally thank all of the people at Unisys for their hard work and dedication over the past few years.”

The board of directors has formed a search committee that will identify and evaluate chief executive candidates. Mr. McGrath will work with the board of directors to ensure a smooth leadership transition for the customers and employees of Unisys.