BEDFORD, Mass.--(BUSINESS WIRE)--
Progress (NASDAQ: PRGS) announced today that Paul Jalbert, chief
accounting officer, has been named chief financial officer, effective
immediately. As CFO, Jalbert will be a member of the company's executive
leadership team, reporting to Yogesh Gupta, president and chief
executive officer, and will oversee the company's global finance and
accounting operations. Jalbert has been chief accounting officer since
joining the company in August 2012.
Jalbert is an accomplished finance executive with over 30 years of
experience at publicly traded and privately-held companies, including
UnitedHealth Group, Picis, Keane, Genuity and Verizon. "I am very
excited to announce Paul's promotion to CFO and to add his operational
and financial acumen to the company's executive team," said Gupta. "Over
the past five months, I've had the opportunity to work closely with Paul
and his vast experience will be invaluable as we continue to transform
Progress in 2017."
"I'm honored to become our new CFO and join the management team at this
critical time in our company's history," said Jalbert. "Progress is
fortunate to have a strong finance organization and my goal will be to
ensure that the company is singularly focused on executing on its new
As CFO, Jalbert replaces Kurt Abkemeier, who will leave the company
effective immediately. "We appreciate Kurt's work during his time at
Progress, and we wish him the best in his future endeavors," stated Gupta.
Progress (NASDAQ: PRGS) is a global leader in application development,
empowering enterprises to build and deploy mission-critical business
applications to succeed in an evolving business environment. With
offerings spanning web, mobile and data for on-premise and cloud.
Progress powers businesses worldwide, promoting success one application
at a time. Learn about Progress at www.progress.com
Progress is a trademark or registered trademarks of Progress Software
Corporation or one of its subsidiaries or affiliates in the U.S. and
other countries. Any other trademarks contained herein are the property
of their respective owners.
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