Contact Information: Media Relations Contact: Phillip Tree TIBCO Software Inc. (650) 846-8529 Investor Relations Contact: Matthew Langdon TIBCO Software Inc. (650) 846-5747
TIBCO Software Announces Management Changes
| Source: TIBCO Software Inc.
PALO ALTO, CA--(Marketwire - January 14, 2009) - TIBCO Software Inc. (NASDAQ : TIBX ) today
announced several management changes in keeping with its ongoing executive
development efforts and to better align with the company's strategic
direction moving forward.
The company announced that Murray Rode has been appointed chief operating
officer. In this expanded capacity, Mr. Rode will have operational
oversight for key parts of TIBCO's business, including Spotfire, finance,
and IT, and he will focus as well on the development and integration of
future acquisitions. Mr. Rode has been with TIBCO (and its predecessor
company) for over 13 years and most recently served as executive vice
president, strategic operations and chief financial officer.
The company also announced that Sydney Carey has been promoted to executive
vice president and chief financial officer. Ms. Carey joined TIBCO in 2004
and most recently served as senior vice president and corporate controller.
Her previous experience includes serving as chief financial officer at
Vernier Networks and Pacific Broadband Communications. Ms. Carey will
report to Mr. Rode.
"These management moves have been in the works for some time and are
designed to ensure our continued growth and efficiency," said Vivek
Ranadivé, TIBCO's chairman and chief executive officer. "Since joining
TIBCO, Sydney has significantly enhanced our financial operations and
compliance functions, and she has the full confidence of our Board as she
assumes her expanded leadership responsibilities as CFO. Similarly,
Murray's new responsibilities represent a natural extension of his current
role and are key to our strategic plans during this unprecedented time. I
look forward to working closely with both of them in their new roles."
In addition, Christopher Ahlberg, executive vice president and president,
Spotfire, has announced his decision to retire from the company effective
March 1, 2009. The rest of the Spotfire management team, including Rock
Gnatovich, senior vice president responsible for Spotfire sales and
operations, is remaining in place.
"After founding and running Spotfire for 18 years, Christopher has decided
to take a well-deserved break," said Mr. Ranadivé. "He built an impressive
company and successfully oversaw its transition to TIBCO. We are thankful
for his efforts and wish Christopher continued success in his future
pursuits."
About TIBCO
TIBCO's technology digitized Wall Street in the '80s with event-driven
"Information Bus" software, which helped make real-time business a
strategic differentiator in the '90s. Today, TIBCO's infrastructure
software gives customers the ability to constantly innovate by connecting
applications and data in a service-oriented architecture, streamlining
activities through business process management, and giving people the
information and intelligence tools they need to make faster and smarter
decisions, what we call The Power of Now®. TIBCO serves more than 3,000
customers around the world with offices in more than 20 countries and an
ecosystem of over 200 partners. Learn more at www.tibco.com.
TIBCO, The Power of Now and TIBCO Software are trademarks or registered
trademarks of TIBCO Software Inc. in the United States and/or other
countries. All other product and company names and marks mentioned in this
document are the property of their respective owners and are mentioned for
identification purposes only.