Ceridian Corporation, the leading organization in managed human resource outsourcing solutions today announced here that Gary Krow, the Executive Vice President of Ceridian Corporation and President of Comdata, a division of Ceridian, has been terminated owing to grave violations of Ceridian's Code of Conduct. It has been stated in this regard, that the violations include unauthorized meetings in ample numbers with Pershing Square Capital and other third parties and disclosure of confidential informations to the same. Informations about the misconduct came to the attention of the Board through the documents and testimony that were provided in the legal proceedings initiated by the Pershing Square.

Ceridian is a well-known information services company engaged in the service for years satisfying the needs of businesses and employees. The company’s concentration or the core area of function is human resource, transportation and retail markets. The company’s improved financial and operational performance led to accelerating marketplace momentum for Ceridian in 2005. The organization is having a strong and efficient position in growth markets with a noble plan to elevate and excel through enhancing the international presence. It is stated, through the performance in the international business arena that the company remains in some way remains committed to continuous process and productivity improvements. While Comdata is a wholly owned subsidiary of Ceridian Corporation and a multi-billion dollar information services and human resource management company that is based in Minneapolis, Minnesota. Ceridian trades on the New York Stock Exchange under the symbol CEN. For decades the Company has been at the leading position of payment innovations. The Comdata invented the concept of electronic payments for transportation and in the process inducted the Comdata Card - a payment solution that helped to drive an industry.

Jim Burns the Executive Vice President and President of Ceridian International, has been appointed as the Interim President of Comdata, according to the latest information with immediate effect. It has also been reported, that from now onwards Robert Skiba, Executive Vice President and General Manager, Comdata Stored Value Solutions and Brett Rodewald, Executive Vice President and General Manager, Transportation Services Division, will be reporting directly to Mr. Burns. Mr. Burns has more than 30 years of international business experience in the retail, manufacturing and service sectors. Before his association with Ceridian in 1998, he was the Group Chief Financial Officer for PCL plc.