Farquhar Resigns as Wonderware Chief Financial Officer.IRVINE, Calif.--(BUSINESS WIRE)--Dec. 20, 1995--Wonderware Corp. (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 :WNDR) Wednesday disclosed that Norman R. Farquhar has resigned his positions as Senior Vice President of Finance & Administration and Chief Financial Officer, effective Dec. 31, 1995. In a prepared statement, Farquhar said that at this point in his career he wants to pursue opportunities in technology companies that would lead to a position as chief executive or 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. . Lee Kim, Director of Finance for Wonderware, will assume the role of Acting Chief Financial Officer, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Roy Slavin, Chairman, President and Chief Executive Officer. "Norm has been a major contributor to the financial success and direction of Wonderware," Slavin said. "The depth of knowledge and experience he brought to this company helped guide us through two successful public stock offerings and establishment of an extremely solid balance sheet." Farquhar joined Wonderware in 1993 from Micro Technology, Inc., where he was vice president of finance and CFO See Chief Financial Officer. . Prior to this he worked with Amperif Corp., where he was senior vice president and CFO. He earlier worked in a variety of financial management posts with Cipher cipher: see cryptography. (1) The core algorithm used to encrypt data. A cipher transforms regular data (plaintext) into a coded set of data (ciphertext) that is not reversible without a key. Data Products and Computer Automation. Wonderware is the leading independent supplier of Windows-based software for the industrial automation marketplace. The company is headquartered in Irvine, Calif., and has seven regional offices in the U.S. for distributor support. European operations are based in Amsterdam, The Netherlands. Asian Operations are based in Singapore. The company reported record sales of $38.8 million and record operating profits of $8,059,000 for the first nine months of 1995. CONTACT: Wonderware Corp. Don Allen, Director of Public & Investor Relations Investor relations The process by which the corporation communicates with its investors. 714/727-3200 |
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