Excalibur announces new chairman and the election of new directors.VIENNA, Va.--(BUSINESS WIRE)--July 1, 1996--Excalibur Technologies (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 :EXCA EXCA Exchangeable Card Architecture EXCA European Expanded Clay Association (Brussels, Belgium) ), today announced that its Board of Directors has elected Donald R. Keough as Chairman of the Board. Keough is currently chairman of the board of Allen & Co. Inc., a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of investment banking firm and was formerly President, 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 a director of The Coca-Cola Company. Along with Keough, John G. McMillian and Shaun C. Viguerie were also elected by shareholders to serve on the Excalibur Board of Directors together with the existing eight directors. As chairman, Keough replaces Richard M. Crooks, Jr., who will remain a director and chair an Executive Committee of the Board. The Executive Committee will comprise Crooks, Keough and Excalibur 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. and President, Patrick C. Condo. Donald R. Keough has been an advisor to the Board of Directors of The Coca-Cola Company and Chairman of the Board of Allen & Co. Inc., a New York investment banking firm, since April 15, 1993, the date he retired from The Coca-Cola Company, where he had been employed since 1950. Keough also serves on the Board of Directors of National Service Industries Inc., H.J. Heinz Co., The Washington Post Co., Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box Inc. and McDonald's Corp. John G. McMillian was the founder and served as Chairman and Chief Executive Officer of Northwest Energy Co., a major supplier of natural gas, from 1973 to 1983. He was Chairman and Chief Executive Officer of Allegheny & Western Energy Corp., a natural gas production and distribution company, from July 1987 until July 1995, when the company was sold. In October 1986, McMillian purchased Burger Boat Co. Inc., a boat manufacturer and served as its Chairman and CEO until March 1989. He owns a half interest in Peter Hughes Diving Co., a charter company, and Contender Boats Inc., a boat manufacturer. McMillian also serves on the Board of Directors of /Sun Trust/Miami, N.A. Shaun C. Viguerie is First Vice President - Investments with J.C. Bradford & Co. in New Orleans, a securities brokerage firm. Viguerie has been in the securities industry for 40 years. He has been a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , the Chicago Board of Trade Chicago Board of Trade (CBOT) The second largest futures exchange in the US, and a pioneer in the development of financial futures and options. , the Chicago Mercantile Exchange Chicago Mercantile Exchange (CME) Chicago Mercantile Exchange (CME) is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. , and other commodity exchanges. Excalibur Technologies Corp., has set the standard for excellence in information retrieval since 1980, leading the industry in high-performance search and retrieval solutions to the online, federal and corporate intranet markets. Only Excalibur delivers toolkits and imaging applications based on both pattern recognition and semantic network searching, simultaneously leveraging the underlying patterns of digital information and the actual meaning of words. Excalibur's RetrievalWare(TM) provides the first set of tools optimized for creating retrieval solutions for text, images and other forms of digital media. Excalibur is a publicly held corporation trading under NASDAQ (EXCA). Excalibur Technologies Corp. and the Excalibur logo are registered trademarks of Excalibur Technologies Corp. RetrievalWare is a trademark of Excalibur Technologies Corp. CONTACT: Excalibur Technologies Corp. Jim Buchanan, 703/761-3700 or In the United Kingdom 44-1344-893-444 or World Wide Web at http://www.excalib.com |
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