Business Objects Announces Management Changes.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--June 29, 1998--Business Objects (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BOBJY), the world's leading provider of integrated enterprise decision support tools, today announced changes in its management team. Dave Ellett, the company's chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. (COO), will leave the company effective June 30, 1998, to pursue a position as president and chief executive officer of a Silicon Valley start-up company start-up company A new business. . Ellett joined Business Objects in early 1997 from Oracle Corp. Bernard Liautaud Bernard Liautaud is chairman and chief strategy officer of Business Objects. Liautaud cofounded Business Objects in 1990 and was chief executive officer until September 2005. , president and chief executive officer of Business Objects, will assume Ellett's direct operational duties, leading the field management team for Business Objects' Americas, European, and Asia-Pacific regions. "We appreciate Dave Ellett's efforts as part of the team that has increased our growth and profitability, and we wish him well in his new endeavor," said Liautaud, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Business Objects. "This is a time of market strength and expanding business opportunities for Business Objects. We have released significant new products such as our WebIntelligence(TM) thin-client decision support solution, and are pursuing exciting new opportunities such as extranet business intelligence applications." Business Objects also announced organizational changes in its European and United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. operations. In Europe, John Powell was promoted to senior vice president of the Atlantic Division Atlantic Division is:
In the United States, Jon Temple was promoted to vice president of sales for the Americas. Temple joined Business Objects in 1992 and has been the director of sales for the United Kingdom, one of the most successful regions in the organization. Temple reports to Paul Doscher, general manager of the Americas. "I am very pleased to announce the transfer and promotion of Jon Temple, and the promotions of John Powell and Eric Faurisson," Liautaud continued. "Together they have more than 19 years of experience with Business Objects and more than 40 years of experience in the information technology industry. They have the depth of experience in sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a and the extensive knowledge of our market that are required to help us continue to improve the company's performance. It gives me great pleasure to recognize their contributions in this way and to provide them with these new opportunities." About Business Objects Business Objects is the world's leading provider of integrated enterprise decision support tools. Business Objects products provide non-technical business users with access to information stored in data warehouses, data marts A subset of a data warehouse for a single department or function. A data mart may have tens of gigabytes of data rather than hundreds of gigabytes for the entire enterprise. See data warehouse. , and packaged business applications. Business Objects provides a complete suite of decision support tools including query, reporting, online analytical processing Online Analytical Processing, or OLAP (IPA: /ˈoʊlæp/), is an approach to quickly provide answers to analytical queries that are multidimensional in nature. , data mining and DSS (1) (Digital Signature Standard) A National Security Administration standard for authenticating an electronic message. See RSA and digital signature. (2) (Digital Satellite S administration for both client/server and internet environments. Business Objects has sold more than 780,000 licenses to over 6,200 organizations in more than 60 countries worldwide. Business Objects may be reached by phone at 408/953-6000 or on the worldwide web at http://www.businessobjects.com. The company's stock is publicly traded under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors BOBJY. This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the company's ability to improve its operating performance, the newly promoted managers' abilities to contribute to such endeavors, and the new business opportunities available to the company. Actual results could differ materially from those projected if, among other reasons, the organization does not adjust well to the new management structure, or if any of the newly promoted or other senior personnel were to leave the company. In addition, the company's success in pursuing new business opportunities will depend upon continued and expanding market acceptance of the company's products, of which there can be no assurance, and upon competitive product offerings by others. Note to Editors: BusinessObjects and WebIntelligence are trademarks of Business Objects SA. Other company and product names may be trademarks of the respective companies with which they are associated. A full-text copy of this announcement may be obtained by calling the company's fax retrieval line at 800/414-2114 and selecting option "two". The announcement may also be downloaded from the Web; access "http://www.businesswire.com/cnn" and search on "Business Objects". For product information please contact 800/527-0580.
CONTACT: Business Objects
Tracy Eiler, 408/953-6031 (PR)
Rebecca Wallo, 408/953-6054 (IR)
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