Board of Directors also elects Phil Pead as Non-Executive Chairman of
the Board
BEDFORD, Mass.--(BUSINESS WIRE)--
Progress Software Corporation (NASDAQ: PRGS), a global software company
that simplifies and enables the development, deployment and management
of business applications, announced today the appointment of Melissa
Cruz to serve as its senior vice president, Finance & Administration and
chief financial officer (CFO), effective today. As CFO, Cruz will be a
member of the company's executive leadership team, reporting to Jay H.
Bhatt, president and chief executive officer, and will oversee the
company's global finance and accounting operations.
Cruz is a 28-year veteran of the technology industry with executive
leadership and international experience across finance, human resources,
IT and other shared services for publicly-traded software and service
companies. Prior to joining Progress, she served as CFO at several fast
growing, profitable software companies, including Picis, a leading
provider of Healthcare software solutions which was acquired by
UnitedHealth; BladeLogic, a market leader in datacenter automation; and
Concord Communications, a provider of network security software. She
began her career at Digital Equipment and earned her B.S. in Finance
from Boston College and a M.S. in Management from Lesley University.
"We are thrilled to add Melissa's financial acumen and strategic
thinking to the company's executive team," said Bhatt. "She brings an
impressive mix of leadership, financial management skills, and broad
software and operational knowledge and experience that will be
invaluable as we continue to transform the company into a leader in the
Application Platform as a Service (aPaaS) space."
Additionally, the company announced that its Board of Directors has
elected Philip
M. Pead as its new non-executive chairman of the Board of Directors,
succeeding Michael
L. Mark, who will remain on the Board. Pead was elected to the
Progress Board of Directors in July 2011. Pead has over twenty-five
years experience in the software industry, working in executive roles in
several publicly and privately held companies, including Eclipsys
Corporation, Per-Se Technologies, Dun & Bradstreet Corporation and
Attachmate Corporation.
Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) is a global software
company that simplifies and enables the development, deployment and
management of business applications on-premise or on any Cloud, on any
platform and on any device with minimal IT complexity and low total cost
of ownership. Progress Software can be reached at www.progress.com
or 1-781-280-4000.
Progress Software Corporation
Investor Relations Contact:
Tom
Barth, 781-280-4135
tobarth@progress.com
or
Public
Relations Contact:
John Stewart, 781-280-4101
jstewart@progress.com
Source: Progress Software Corporation
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