BORLAND NAMES GARY WETSEL PRESIDENT; Philippe Kahn Resigns as President and CEO.SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--January 11, 1995-- Borland International Inc. today announced that Gary Wetsel, 49, executive vice president of operations and CFO, has been named president and appointed to Borland's board of directors. The company also announced that Philippe Kahn, 42, chairman, president and CEO, has resigned as president and CEO. Mr. Kahn, remains chairman of the board and remains in the employ of the company. Mr. Kahn, who founded Borland in 1983, will focus on long-term planning, international business and other special projects. Mr. Kahn said, "It has become clear that my continuing as president and CEO has become a distraction at a time when Borland needs to be fully focused on the challenges ahead of it. The board of directors has full confidence in Gary Wetsel and the rest of the management team to design and implement a successful restructuring plan." Gary Wetsel said, "Philippe Kahn is a true technology visionary who has been an integral part of the birth and success of the personal computer industry. His skills and vision will continue to be a valuable asset to the board of directors and the industry as a whole. "Our senior management team has made tremendous progress in building a long-term, customer-focused strategic plan aimed at significantly reducing our cost structure. I am eager to spearhead the implementation of the plan, which we expect to announce in the near future," added Wetsel. David Heller, a member of Borland's board of directors said, "On behalf of the board I would like to express our gratitude for Philippe's outstanding contributions. Philippe's ability to anticipate customer needs and translate them into high-quality products has resulted in significant innovation and increased competition in the industry. We look forward to his continued contributions." The company also announced the resignation of Doug Chance from its board of directors. Mr. Chance said he resigned in order to devote more time to his role as president and CEO of Wyse Technology. Chance said, "The demands of my personal time and energy as a Borland director detracts from my obligations to the shareholders, employees and customers of Wyse, where we are implementing our own turnaround plan." Gary Wetsel: Background Wetsel joined Borland as its chief financial officer in 1994 from Octel Communications Corporation where he was executive vice president and CFO. During his four years with Octel, Wetsel was responsible for managing the company's operations, including finance, information systems, investor relations, business development and facilities. He also managed Octel's engineering organization and several subsidiaries on an interim basis. In addition to his experience at Octel, Wetsel has over 20 years of management experience with a wide variety of companies, including American President Companies; Ungermann-Bass, Inc.; Rolm Corporation; and Peat, Marwick, Mitchell & Company. Philippe Kahn: Background Philippe Kahn, a French mathematician is one of the software industry pioneers. In the 1970s, he worked in Zurich, Switzerland under Niklaus Wirth on Pascal, the computer programming language. Along with Andre Truong he developed software for the Micral, the first ever non-kit personal computer. After moving to the United States in 1982, Kahn founded Borland in 1983 with the mission to deliver software craftsmanship to customers worldwide, as well as advance the industry through technological innovation. Under his direction, Borland established leadership positions with products such as Turbo Pascal A Pascal compiler for DOS from Borland used in a wide variety of applications from accounting to complex commercial products. Turbo Pascal for Windows provides an object-oriented programming environment for Windows development. Borland is responsible for moving the Pascal language from the academic halls to the commercial world., Paradox and Borland C++. Concurrently, he spearheaded the object computing revolution. Without venture capital funding, Borland grew from a garage start-up to one of the largest software companies in the world. Philippe is an accomplished flutist, pilot, and sailor. Borland International Inc. Borland International Inc. (NASDAQ:BORL) is a leading supplier of software engineering tools. A pioneer in the use of object-oriented technology, Borland is focused on delivering tools and services that help customers "upsize" to networked and client-server environments. Borland's award-winning products are supported through programs for software developers, value added resellers, systems integrators, corporate customers, computer software retailers and end users. Headquartered in Scotts Valley, California, Borland's products include dBASE, Paradox, InterBase, ReportSmith, Borland C++, Borland Pascal, Sidekick and Dashboard. CONTACT: Borland International Inc.
Steve Grady, 408/431-1621
sgrady@wpo.borland.com
Dick O'Donnell, 408/431-1631
dodonnell@wpo.borland.com
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