ADOBE ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER
MOUNTAIN VIEW, Calif., June 28 /PRNewswire/ -- Adobe Systems
Incorporated (Nasdaq: ADBE) announced today the resignation of M.
Bruce Nakao, Senior Vice President and Chief Financial Officer,
effective August 8, 1996. After 10 years with Adobe, Mr. Nakao has
decided to resign from the Company in order to take the Chief
Financial Officer position with Puma Technology.
As Adobe's first Chief Financial Officer, Mr. Nakao was
responsible for taking the Company public in August 1986. He helped
grow Adobe's revenue from $4 million in 1986 to over $750 million
reported for fiscal 1995. In 1992, he was promoted to Senior Vice
President. Charles M. Geschke, President of Adobe, will take over Mr.
Nakao's responsibilities on an acting basis, while the Company
conducts a search for a replacement.
"Bruce has managed the financial growth of Adobe from its IPO to
present day with skill and creativity," said Mr. Geschke. "We wish
Bruce every success in his new ventures."
Based in Mountain View, Calif., Adobe Systems Incorporated
develops and supports products to help people express and use
information in more imaginative and meaningful ways, across all print
and electronic media. Founded in 1982, Adobe helped launch the desktop
publishing revolution. Today, the company offers a market-leading line
of application software and type products for creating and
distributing visually rich communication materials; licenses its
industry-standard technologies to major hardware manufacturers,
software developers, and service providers; and offers integrated
software solutions to businesses of all sizes. For more information,
see Adobe's home page at www.adobe.com on the World Wide Web.
/CONTACT: Investors, Carolyn Schwartz, Director, Investor Relations,
415-962-3302, or media, Wink Grelis, Director, Corporate Communications,
415-962-4341, both of Adobe Systems/
(ADBE) |
