Business Objects Shareholders Appoint Kurt Lauk as Director of the Company; Annual Shareholder Meeting Also Adopts 2003 Financial Statements and All Board Proposals.Business Editors/High-Tech Writers SAN JOSE, Calif. and PARIS--(BUSINESS WIRE)--June 10, 2004 Business Objects (Nasdaq:BOBJ BOBJ Business Objects SA )(Euronext Paris ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. code: FR0004026250 - BOB), the world's leading provider of business intelligence solutions, announced that Kurt Lauk was appointed as a director of the company at today's shareholder meeting. The company's board of directors intends to appoint Dr. Lauk to serve on the audit committee of the Business Objects board. In addition, Business Objects annual shareholder meeting adopted the 2003 financial statements and all other items proposed by the board of directors. Dr. Lauk is currently president of Globe Capital Partners, an investment and advisory firm he founded in 2000. From 1996 to 1999, he served in various capacities at Daimler-Chrysler and the Mercedes-Benz Group, including senior executive vice president -- commercial vehicle division, and was a member of the chairman's integration council of Daimler-Chrysler A.G. From 1992 to 1996, Dr. Lauk was senior executive vice president of finance and controller at Veba A.G., and held a similar position at Audi A.G. from 1989 to 1992. Previously, he served in various capacities at the Boston Consulting Group, including director of the Munich office and Vice President and Director of BCG BCG bacille Calmette-Guérin. BCG abbr. 1. bacillus Calmette-Guérin 2. ballistocardiogram BCG, n.pr See bacille Calmette-Guórin. , Inc. "We are very pleased to have Kurt Lauk join the Business Objects board of directors," said Bernard Liautaud, chairman and chief executive officer. "His strong operational, and financial experience, as well as his expertise in strategy, and his knowledge of European markets, will be an important asset to the company." The Business Objects board of directors, listed below, now consists of ten members, six of which are independent directors: -- Bernard Liautaud, chairman and chief executive officer, Business Objects -- John Olsen, 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. , Business Objects -- Bernard Charles, chief executive officer, Dassault Systems -- Albert Eisenstat, consultant and private investor -- Jean-Francois Heitz, consultant and private investor -- Dr. Gerald Held, consultant -- Dr. Kurt Lauk, president, Globe Capital Partners -- David Peterschmidt, chief executive officer, Securify, Inc. -- David Roux Roux , Pierre Paul Émile 1853-1933. French bacteriologist. His work with the diphtheria bacillus led to the development of antitoxins to neutralize pathogenic toxins. , managing member and director, Silver Lake Technology Management -- Arnold Silverman, consultant and private investor About Business Objects Business Objects is the world's leading business intelligence (BI) software company. Business intelligence enables organizations to track, understand, and manage enterprise performance. The company's solutions leverage the information that is stored in an array of corporate databases, enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ), and customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) systems. Popular uses of BI include enterprise reporting, management dashboards and scorecards, customer intelligence applications, financial reporting, and both customer and partner extranets. These solutions enable companies to gain visibility into their business, acquire and retain profitable customers, reduce costs, optimize the supply chain, increase productivity, and improve financial performance. In December 2003, Business Objects completed the acquisition of Crystal Decisions, the leader in enterprise reporting. The combined product line includes software for reporting, query and analysis, performance management, analytic applications, and data integration. In addition, Business Objects offers consulting and education services to help customers effectively deploy their business intelligence projects. Business Objects has more than 24,000 customers in over 80 countries. The company's stock is traded under the ticker symbols NASDAQ: BOBJ and Euronext Paris (ISIN: FR0004026250 - BOB). It is included in the SBF SBF Studium Biblicum Franciscanum (Franciscan School of Biblical Investigations; Jerusalem, Israel) SBF Small Block Ford (automotive engine) SBF Single Black Female SBF Société des Bourses Francaises 120 and IT CAC See Consumer Advisory Council. 50 French stock market indexes. Business Objects can be reached at 408-953-6000 and http://www.businessobjects.com. Note to Editors: Business Objects, the Business Objects logo, and BusinessObjects are trademarks or registered trademarks of Business Objects SA or its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. in the United States and other countries. |
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