Knowledge Well Appoints Gregory M. Priest as Chief Executive Officer.LOS ALTOS Los Altos (lôs ăl`tōs, lŏs), residential city (1990 pop. 26,303), Santa Clara co., W Calif.; inc. 1952. There is diversified light manufacturing. , Calif.--(BUSINESS WIRE)--Dec. 8, 1997--Knowledge Well, a developer of interactive education software for individuals seeking advanced degrees and professional credentials CREDENTIALS, international law. The instruments which authorize and establish a public minister in his character with the state or prince to whom they are addressed. If the state or prince receive the minister, he can be received only in the quality attributed to him in his credentials. , today announced that it has named Gregory M. Priest as chief executive officer, effective Feb. 1, 1998. Priest, 34, joins Knowledge Well from CBT (Computer-Based Training) Using the computer for training and instruction. CBT programs are called "courseware" and provide interactive training sessions for all disciplines. Group PLC, based in Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif., where he was vice president and chief financial officer. In his new role at Knowledge Well, Priest will report to chairman William G. McCabe, who is also chairman of CBT Group. Knowledge Well is headquartered in Los Altos, Calif., and has development facilities in Dublin, Ireland. Priest, who joined CBT Group in 1995, has been responsible for the company's financial activities during a significant period of growth. Prior to CBT Group, Priest was elected partner at Wilson, Sonsini, Goodrich and Rosati, where he worked with a variety of emerging growth software companies, including CBT Group. Priest will remain a member of the CBT Group board of directors and plans to remain close to the company in an advisory role. "As his track record proves, Greg has distinguished himself as a strong and strategic leader," McCabe said. "He has been instrumental in the planning and execution of CBT Group's phenomenal growth in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and throughout the world. Knowledge Well offers a new and exciting opportunity for Greg and I am very pleased that we will be able to now apply his considerable talents and expertise to launching Knowledge Well on a global scale." Knowledge Well was founded in Dublin last year and is focused on delivering interactive education software to individuals who want a self-paced training solution for obtaining advanced degrees and professional credentials outside the information technology training arena, which is CBT Group's area of focus. "CBT Group -- under the direction of its strong and extremely capable management team -- is perfectly positioned to exploit the vast opportunities open to it in the business of applying technology to the information training needs facing enterprises today," McCabe added. "Likewise, Knowledge Well is developing technology training solutions to help meet the needs of people who want to further their careers through obtaining advanced education in degree and credential programs outside the information technology area." "I look forward to again working with Bill McCabe William Francis McCabe (October 28, 1892 in Chicago, Illinois - September 2, 1966 in Chicago, Illinois), was a professional baseball player who played outfielder in the Major Leagues from 1918-1920. He would play for the Chicago Cubs and Brooklyn Dodgers. to build a new business based on the same compelling principles as those that have guided CBT Group as it has grown into a powerful international influence in the IT training market," Priest said. "Furthermore, I have great enthusiasm for the interactive technology approach to education as defined by CBT Group and look forward to bringing this training methodology to serve a new customer segment. I am delighted to have had the opportunity to play a role in CBT Group's successful growth, and I will continue to be closely involved in planning its future direction." Priest will be replaced at CBT Group as vice president of Finance and chief financial officer by Richard Y. Okumoto, 45, an experienced leader with a broad base of management expertise in finance, investor relations Investor relations The process by which the corporation communicates with its investors. , administration, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , information technology, and business development and planning at high-growth technology companies. Okumoto joins CBT Group from Credence Systems Credence Systems Corporation (NASDAQ: CMOS), is a manufacturer of test and analytical equipment for the global semiconductor industry. Founded in 1978, it is publicly traded on the Nasdaq stock market under the symbol CMOS. Corp., a leading manufacturer of automatic test equipment for semiconductor testing, where he was executive vice president and chief financial officer. CBT Group PLC (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 :CBTSY) is a leading provider of interactive education software designed to meet the information technology training needs of businesses and organizations worldwide. -0- CBT Systems (CBT Systems, Menlo Park, CA) An acknowledged leader in the design and development of interactive education software for information technology training. Specializing in self-study courses that users can take at their own PCs, CBT developed a library of more than 600 titles for and the CBT Systems logo are trademarks of CBT Group PLC. All other company and product names may be trademarks of the respective companies with which they are associated. EDITORS' NOTE: Please see today's related press releases: CBT Group Names Richard Okumoto to Chief Financial Officer Post; CBT Group Expands Global Presence with Acquisition of Middle Eastern Distribution Organization. CONTACT: CBT Group Cindy McCaffrey, 650/614-5962 cindy_mccaffrey@cbtsys.com |
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