William J. Weyand to Succeed Frank Perna as Chairman and CEO of MSC.Software Corporation
11 Febbraio 2005 - 3:00PM
PR Newswire (US)
William J. Weyand to Succeed Frank Perna as Chairman and CEO of
MSC.Software Corporation SANTA ANA, Calif., Feb. 11
/PRNewswire-FirstCall/ -- MSC.Software Corp. (NYSE:MNS), the
leading global provider of Virtual Product Development (VPD)
solutions, including simulation software and services, today
announced that its Board of Directors has appointed William J.
Weyand, an experienced software industry executive, as its new
Chief Executive Officer and Chairman of the Board of Directors. He
succeeds Frank Perna who will be retiring as CEO and Chairman. Mr.
Weyand, who currently serves as a director of MSC.Software, has
spent over 35 years in the technology industry in various sales,
marketing, and CEO positions with companies providing software,
systems and services on a global basis. Most notably, from 1997 to
2001, Mr. Weyand served as Chairman and Chief Executive Officer of
Structural Dynamics Research Corporation (SDRC), a NASDAQ-traded
company at the time. Mr. Weyand led the evolution of that business
from a technical CAD/CAE software provider to the leader in
Enterprise Product Lifecycle Management (EPLM) solutions. Mr.
Weyand left SDRC upon the completion of its sale to EDS for almost
$1 billion in 2001. In 2003, Mr. Weyand served as Vice Chairman and
CEO of Pavilion Technology, a venture funded ten-year-old worldwide
software company and a leader in Advanced Process Control
Solutions. Donald Glickman, Lead Director of MSC.Software's Board
of Directors, said, "We are delighted that Bill has agreed to take
on the role of CEO. He has a proven track record managing
technology companies, including situations that have been in
significant transition. He has directly relevant experience in the
engineering software industry and has proven to be a great asset to
the Board in his short time as a director. We are confident that
Bill will continue to move this company forward operationally and
will provide effective senior leadership in the ongoing efforts to
put the non-operational issues behind us." "I'm honored to have
been selected to replace Frank as he retires, am very pleased to be
joining such an excellent company as MSC and excited to be back
leading a major software company again," said Bill Weyand. "I'm
looking forward to working with all our dedicated employees,
partners and customers worldwide and to delivering increased value
to our customers and stakeholders." Frank Perna and the Board of
Directors had entered into discussions regarding succession
planning and potential retirement in 2003. With the completion of
the previously announced independent review by the Company's Audit
Committee, Frank has decided to retire. Donald Glickman said, "We
are grateful to Frank Perna for his contributions to the Company
over the years and for his commitment to managing the Company
through a very difficult period over the past 12 months. Frank's
strategic direction has kept MSC.Software at the forefront of the
industry and has positioned the Company for continued leadership
and success in the Virtual Product Development marketplace." About
MSC.Software Corporation MSC.Software (NYSE:MNS) is the leading
global provider of virtual product development (VPD) products
including simulation software and services that help companies make
money, save time and reduce costs associated with designing and
testing manufactured products. MSC.Software works with thousands of
companies in hundreds of industries to develop better products
faster by utilizing information technology, software and services.
MSC.Software employs more than 1300 people in 22 countries. For
additional information about MSC.Software's products and services,
please visit http://www.mscsoftware.com/. DATASOURCE: MSC.Software
Corp. CONTACT: Investors, Joanne Keates, Vice President, Investor
Relations, +1-714-444-8551, , or media, Todd Evans, Corporate
Communications, +1-714-445-3066, , both of MSC.Software Corp. Web
site: http://www.mscsoftware.com/
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