Eagle Investment Systems, a provider of Web-based financial services technology for insurers and other institutions, will have a new management team headed by Lou Maiuri.

The announcement was made today by Boston-based Eagle's parent company, Mellon Financial Corp. in Pittsburgh.

In addition, David Palten, current chief executive officer, will become chairman when Mr. Maiuri rejoins the organization in October.

Mellon said John Lehner has been promoted to president of Eagle.

John L. Klinck Jr., Mellon vice chairman, said Mr. Maiuri will work with Mr. Palten and Mr. Lehner to “integrate the strategic vision, gain competitive advantages through new technology-based products and services, and sustain marketplace differentiation.”

Mr. Maiuri, 41, who has some 20 years of experience building, delivering and servicing investment management technology products to the global market, originally joined Eagle in 1996 as a partner.

Mr. Palten, 51, an Eagle co-founder, was named chief executive officer in August 2003. In his new role, he will continue to report to Mr. Klinck and develop corporate strategies that focus on expanding Eagle's global business.

In addition to his current responsibilities, which include global sales and marketing, Mr. Lehner, 40, will now be responsible for international operations, product management and the company's services teams, Mellon said.

Special Reports /

Maiuri Named CEO For Eagle Investment Systems

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