Corel Announces Resignation of Head of Sales and Marketing.OTTAWA--(BUSINESS WIRE)--Dec. 7, 1999-- (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 :CORL CORL Corel Corporation (stock symbol) CORL Coalition of Reef Lovers CORL capital outlay revenue limit CORL change-orientated reflective listening (psychotherapy) CORL Central Ontario Ringette League ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :COR.) Corel Corporation (company) Corel Corporation - A software publisher best known for the CorelDraw application. Founded in June 1985 by Dr. Michael Cowpland, Corel Corporation was originally a systems integration company. (NASDAQ:CORL) (TSE:COR) today announces that Jim Orban, executive vice president, sales and marketing, will be leaving the Company effective December 31, 1999, to pursue other interests. "Jim has been instrumental in charting a strong sales course, a return to profitability and has been a leader in bringing together Corel's sales and marketing teams," said Corel president and chief executive officer Dr. Michael Cowpland Michael Cowpland (born April 23, 1943) is a Canadian entrepreneur, businessman, and the founder and one-time president, chairman and CEO of Corel, a Canadian software company. Cowpland was born in Bexhill, Sussex, England and obtained a BSc. . "We wish him well in his future success." Although Corel is currently in a quiet period prior to the release of its Fiscal 1999 Fourth Quarter and year end results scheduled for the week of January 17, 2000, the Company wishes to state that Mr. Orban's departure is not related to any performance or financial-related issues. "After four years at Corel, the decision to leave is not an easy one," said Mr. Orban. "I am pleased to have had the opportunity to play a significant role at Corel and I am confident the Company will continue to chart a positive course in the months and years ahead." Mr. Orban joined Corel in 1995 as a North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. sales manager following a number of years at Heinz Canada and Colgate-Palmolive Canada. In 1997, Mr. Orban was made vice president of North American sales and in 1998 became executive vice president of marketing. This past year he became executive vice president of sales and marketing and oversaw the successful launch of flagship products WordPerfect(r) Office 2000, CorelDRAW(r) 9, a number of consumer graphics applications and most recently, the highly successful launch of Corel(r) LINUX(r) OS. No replacement has been named for Mr. Orban at this time. In the interim, Corel's sales and marketing activities will continue as usual under a strong marketing and sales leadership team of senior managers. Corel Corporation Corel Corporation is an internationally recognized developer of award-winning graphics and business productivity applications. Development of market-leading products such as the CorelDRAW(r) line of graphics applications and the Corel(r) WordPerfect(r) Suite of business tools is continually evolving to meet the demands of the corporate, retail and academic markets. Committed to value, compatibility, choice and open standards, Corel develops products for the Windows(r), Macintosh(r), UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). (r), Linux(r) and Java(tm) platforms. Corel's common stock trades on The NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (sm) under the symbol CORL and on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol COR. For more information visit Corel's Web site at www.corel.com. Corel, Corel GALLERY, Corel Print House, WordPerfect, CorelDRAW, PHOTO-PAINT, VENTURA and the Go Further logo are trademarks or registered trademarks of Corel Corporation or Corel Corporation Limited. Linux is a registered trademark of Linus Torvalds. Windows and Windows NT are registered trademarks of Microsoft Corporation. All other product and company names are trademarks or registered trademarks of their respective companies. |
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