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Computer Sciences Corporation (NYSE: CSC) today announced that the company will not extend its relationship with Riis Cycling or its professional cycling team past the end of the current contract, which expires on Dec. 31, 2008.
CSC indicated the decision reflects a shift in priorities as the company makes new investments to implement a strategic long-term growth plan.
“Our involvement in the sport of cycling has been a positive and productive experience,” said Henrik Bo Pedersen, the CSC executive responsible for overseeing the sponsorship. “We will continue to support the team and exercise our sponsorship rights during the 2008 race season. At the same time, we are committed to helping the team secure a new title sponsor.
“Our company and employees have enjoyed our relationship with the riders, staff and management of Team CSC. We especially wish to thank each member of Riis Cycling for their dedication and commitment to making professional cycling a healthy and safe sport.”
Visit CSC on the web at www.csc.com.
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