REPEAT/ Cambridge Technology Partners Names New President & Chief Executive Officer; Jack Messman, Recognized Technology & People-Oriented Leader.CAMBRIDGE, Mass.--(BUSINESS WIRE)--July 19, 1999-- Cambridge Technology Partners (Massachusetts), Inc. (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 :CATP CATP Cambridge Technologies (stock symbol) CATP Coverage Acceptance Test Plan CATP Committee of Adaptation to Technical Process ) (Cambridge), an international e-business services provider, today announced the appointment of Jack Messman, 59, as its new president and chief executive officer. Mr. Messman, who brings more than 25 years of senior management experience to Cambridge, replaces James K. Sims, who held the position of President 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. from Cambridge's inception in 1991. Warren Musser, Chairman of Cambridge stated, "Jack is no stranger to Cambridge. He has been a member of its Board since October 1992 and Chairman of its Audit Committee since 1993. Jack has a tremendous blend of experience having early involvement in the technology sector at Novell, Inc. where he was President and CEO from 1982-1983. While there, he recognized the potential of the technology that became Netware. He is a member of the board of Novell, Inc., the leading computer networking
Computer networking is the engineering discipline concerned with communication between computer systems or devices. firm; USData Corporation, an automation software company; Tandy Corporation Tandy Corporation was a family-owned leather goods company based in Fort Worth, Texas, which is best known for purchasing and giving its name to the Cambridge, Massachusetts-based RadioShack Corporation. , an electronics retailer; and Safeguard Scientifics, Inc., an information technology holding company." Mr. Musser continued, "In addition to Jack's executive management experience, he is well-known for developing unique culture and employee-oriented environments. This quality continues to be important to Cambridge as we continue to build the Company to its next level of growth." Mr. Messman stated, "I am eager to begin my journey at Cambridge and to continue to work with the Board, Gerard Van Kemmel, the management team and Cambridge's employees to build on the Cambridge brand and bring the Company to its next level of growth. I admire Jim for what he has accomplished at Cambridge and I look forward to taking the baton from here." Mr. Musser added, "Jim has made tremendous contributions to Cambridge in bringing the Company from its early years to a global systems integration provider with more than $600 million in revenues today. He is widely regarded internationally as a leading industry visionary and is credited with innovating an industry-first consulting methodology and practice model which brought radical change to the traditional IT consulting arena establishment. I want to thank Jim for his leadership of Cambridge over the last eight years and wish him success." Mr. Sims concluded, "During the last few months, I have spent some time reassessing my long-term personal objectives and concluded that I really want to have the opportunity to leave Cambridge to work on more entrepreneurial endeavors. Envisioning and building the future and defining new industries is what I enjoy most and do best. As a result, we jointly decided to find a successor. I am now ready for the next chapter in my career." Mr. Messman comes to Cambridge from Union Pacific Resources Group Inc. (UPRG UPRG Unit Personnel Record Group UPRG Ulster Political Research Group ). He joined UPRG in 1991, as president and chief executive officer and was elected chairman of the board and chief executive officer in 1996. UPRG is a North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. independent oil and gas exploration and production company with assets totaling over $7.5 billion. In 1998-1999, UPRG was named Fortune's and Working Mother's 100 Best Companies to Work For" and, Fortune's "Most Admired Companies." Prior to joining UPRG in 1991, Mr. Messman held a number of senior-level positions in various industries: --Chairman and chief executive officer of U.S. Pollution Control, Inc. (USPCI USPCI United States Personal Chef Institute ), Union Pacific's environmental services company from 1988 to 1991. --Managing director of Mason Best Company, an investment banking firm, from 1986-1988. Simultaneously served as chairman and CEO of Somerset House Corporation, a publishing company owned by Mason Best. --Executive vice president/chief financial officer and a member of the Board of Directors of Warner Amex Cable Communications, Inc., from 1983-1986. --Executive vice president and member of the Board of Directors of Safeguard Scientifics, Inc., from 1981-1983. Rejoined Board of Directors of Safeguard in 1994. --President and CEO of Novell, Inc., from 1982-1983. Member of the Board of Directors since 1982. --President and CEO of Norcross Inc., a consumer products company, from 1973-1979. --Partner in an investment banking firm prior to 1973. Mr. Messman is a 1962 graduate of the University of Delaware [3] The student body at the University of Delaware is largely an undergraduate population. Delaware students have a great deal of access to work and internship opportunities. with a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Chemical Engineering, and received his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration with Distinction from the Harvard School of Business Administration in 1968. He is a former member of the Board of Directors of Union Pacific Corporation (former parent of UPRG); Warner Amex Cable Communications, Inc. and MTV Networks, Inc., 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 . About Cambridge Technology Partners Cambridge Technology Partners provides management consulting and systems integration services to transform its clients into e-businesses. Working in collaboration with Global 2000 and high-velocity middle market companies, Cambridge combines a deep understanding of New Economy issues with integrated, end-to-end services and a proven track record of shared risk and rapid, guaranteed delivery. Cambridge has more than 4,500 employees and 55 offices worldwide. Cambridge on the Web: http://www.ctp.com. FORWARD-LOOKING STATEMENTS This Press Release includes forward-looking statements (statements that are not historical facts and relate to future performance) that involve risks and uncertainties. These forward-looking statements include statements about future growth. These forward-looking statements are subject to risks and uncertainties. Actual results may differ materially from those stated in any forward-looking statements based on a number of factors, including the effectiveness of the realignment re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. of Cambridge's North American operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. , risks associated with management of growth, acquisitions, attraction and retention of employees, variability of quarterly operating results, including the effects of the client purchasing patterns due to Year 2000 issues, competitive factors, risks associated with international operations, changes in demand for third party products or solutions for which Cambridge performs integration services, and protection of intellectual property, as well as the risks identified in Cambridge's SEC filings, including information (i) under the heading "Forward-looking Statements" in its Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31,1998 and (ii) in the Form 10-Q Form 10-Q See 10-Q. for the first quarter of 1999. Cambridge assumes no obligation to update the information contained in this press release. |
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