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Stream International Chairman Mort Rosenthal to retire from operating management.

WESTWOOD, Mass.--(BUSINESS WIRE)--Nov. 22, 1996--

Will continue as chairman of the board

and member of executive committee

Stream International Inc. chairman Morton H. Rosenthal announced today that he is retiring from operating management of the Company effective December 31, 1996. He is stepping down from day-to-day activities but will continue to provide strategic expertise and counsel as chairman of the board and as a member of Stream's executive committee.

"For quite a while I have been ready to explore new opportunities and a different balance in my life. Being in the software industry for the last 15 years has been extraordinarily rewarding," said Rosenthal, "but this decision is driven by my desire to spend more time with my family, and to have greater flexibility in my personal life to do all the things I have been putting off." Rosenthal said he also expects to explore business possibilities in other industries.

"Mort is a visionary in the software industry whose invaluable experience and leadership has been and will continue to be a major influence on the success and future potential of Stream," said Stream's CEO Terry Leahy. "I look forward to his continued guidance and counsel."

Rosenthal, age 43, founded Corporate Software in 1982 and was CEO until the company merged with the Global Software Services business unit of R.R. Donnelley & Sons Co. to form Stream. Corporate Software maintained a reputation for industry innovation, as the first company to provide corporate licensing services, and as a leader in the emergence of outsource technical support and electronic commerce. Under Rosenthal's leadership, Corporate Software became the world's largest software reseller and provider of technical support, posting revenues of $700 million and more than 3,500 employees before the merger in 1995.

Stream International Inc. was formed in April 1995 through the merger of Corporate Software Inc. and the Global Software Services business unit of R.R. Donnelley & Sons Company. With $1.6 billion in sales and more than 7,500 employees in 17 countries, Stream is the world's largest software manufacturer, marketer and technical support provider. For more information about Stream, or to access our web-based support site, visit our Internet home page on the World Wide Web at http://www.stream.com.

CONTACT: Stream International Inc.

Donna Tolley

617/751-1072

donna_tolley @stream.com
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Publication:Business Wire
Date:Nov 22, 1996
Words:385
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