Corechange Names Charles Kane as President; Company Founder Ulf Arnetz Named Chairman of the Board of Directors.Business/Technology Editors BOSTON--(BUSINESS WIRE)--May 29, 2001 Corechange, Inc., a global provider of e-access framework software, today announced that its Board of Directors has named Charles F. Kane as president of the company. Mr. Kane joined Corechange in May 2000 as 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. and chief financial officer. Corechange founder Ulf Arnetz was named Chairman of the Board of Directors and remains chief executive officer. "Chuck has made a tremendous impact on the company," said Ulf Arnetz, Chairman 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 Corechange. "He came to Corechange with a track record of growing top line revenue and shareholder value. Chuck's operational leadership is evident in the dramatic growth that we have achieved since his arrival, and his ability to build and deliver on a business plan was instrumental in securing our most recent round of funding." "I am gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by the confidence placed in me by our board of directors," said Mr. Kane. "Corechange is poised to have a major market impact. Business acceleration is the foundation of every thing we do. Our solution enables business to mobilize and leverage existing resources easier and faster, and is the easiest to install and deploy enterprise-wide. We intend to expand our capabilities rapidly to meet the demands of global marketplace leadership." Before joining Corechange, Mr. Kane served as Vice President and CFO See Chief Financial Officer. of Ardent Software for five years. When Ardent later merged with Informix, Mr. Kane became their Executive VP and CFO. From 1989 to November 1995, Mr. Kane served in several financial and accounting positions with Stratus Computer, including International Controller and Finance Director for mergers and acquisitions. Mr. Kane is a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. and holds an M.B.A. from Babson College and a B.B.A. in accountancy from the University of Notre Dame. About Corechange Corechange, Inc. delivers e-access framework software for deploying any kind of portal. The company's Coreport 3g(TM) product family profiles and manages people, information and applications to provide an integrated and personalized user experience based on roles that can be delivered on both desktop PC's and wireless devices. Corechange has a worldwide customer base, including ABN AMRO, Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. , Nortel Networks, Telco Systems, Philips, NSTAR NSTAR NASA Solar Electric Propulsion Technology Application Readiness , Krispy Kreme, and AMB Property Management. Corechange is headquartered in Boston, with offices throughout North America, Europe and Asia. |
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