The BISYS Group has promoted Dennis R. Sheehan, the current president and COO, to the position of CEO, effective Jan. 1.

For the remainder of year, Lynn J. Mangum will continue in his current role as chairman and CEO, and, in the new year, he will stay on as chairman for a minimum of 18 months, assisting Sheehan with strategic planning and overall guidance of the business.

The company said this change in executive responsibilities supports an orderly transition of leadership and is part of their succession planning strategy. Prior to BISYS, Sheehan held executive management positions with Concord Holdings Corporation, The Equitable and Paine Webber.

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