Officer Leaving the company....!!!!!!
W0559 DEC 07,1999 13:48 PACIFIC 16:48 EASTERN
( BW)(COREL)(CORL)(COR.) Corel Announces Resignation of Head of Sales
and Marketing
Business Editors
OTTAWA--(BUSINESS WIRE)--Dec. 7, 1999--(NASDAQ:CORL) (TSE:COR.)
Corel Corporation (NASDAQ:CORL) (TSE:COR) today announces that Jim Orban, executive
vice president, sales and marketing, will be leaving the Company effective December 31, 1999, to
pursue other interests.
"Jim has been instrumental in charting a strong sales course, a return to profitability and has been a
leader in bringing together Corel's sales and marketing teams," said Corel president and chief executive
officer Dr. Michael Cowpland. "We wish him well in his future success."
Although Corel is currently in a quiet period prior to the release of its Fiscal 1999 Fourth Quarter
and year end results scheduled for the week of January 17, 2000, the Company wishes to state that
Mr. Orban's departure is not related to any performance or financial-related issues.
"After four years at Corel, the decision to leave is not an easy one," said Mr. Orban. "I am pleased
to have had the opportunity to play a significant role at Corel and I am confident the Company will
continue to chart a positive course in the months and years ahead."
Mr. Orban joined Corel in 1995 as a North American sales manager following a number of years at
Heinz Canada and Colgate-Palmolive Canada. In 1997, Mr. Orban was made vice president of North
American sales and in 1998 became executive vice president of marketing. This past year he became
executive vice president of sales and marketing and oversaw the successful launch of flagship products
WordPerfect(r) Office 2000, CorelDRAW(r) 9, a number of consumer graphics applications and
most recently, the highly successful launch of Corel(r) LINUX(r) OS.
No replacement has been named for Mr. Orban at this time. In the interim, Corel's sales and
marketing activities will continue as usual under a strong marketing and sales leadership team of senior
managers.
Corel Corporation
Corel Corporation is an internationally recognized developer of award-winning graphics and
business productivity applications. Development of market-leading products such as the
CorelDRAW(r) line of graphics applications and the Corel(r) WordPerfect(r) Suite of business tools is
continually evolving to meet the demands of the corporate, retail and academic markets. Committed to
value, compatibility, choice and open standards, Corel develops products for the Windows(r),
Macintosh(r), UNIX(r), Linux(r) and Java(tm) platforms. Corel's common stock trades on The
NASDAQ Stock Market(sm) under the symbol CORL and on the Toronto Stock Exchange under
the symbol COR. For more information visit Corel's Web site at www.corel.com.
Corel, Corel GALLERY, Corel Print House, WordPerfect, CorelDRAW, PHOTO-PAINT,
VENTURA and the Go Further logo are trademarks or registered trademarks of Corel Corporation
or Corel Corporation Limited. Linux is a registered trademark of Linus Torvalds. Windows and
Windows NT are registered trademarks of Microsoft Corporation. All other product and company
names are trademarks or registered trademarks of their respective companies.
--30--jlm/in*
CONTACT: Corel Corporation
John Hladkowicz, 613/728-0826 ext. 1194
E-mail: johnh@corel.com
Web Site: www.corel.com
or
Corel Corporation (Canada)
Stefania Allevato, 613/728-0826 ext. 5003
E-mail: stefaniaa@corel.com
or
Corel Corporation (U.S.)
Catherine Hughes, 613/728-0826 ext. 1659
E-mail: catherineh@corel.com
KEYWORD: INTERNATIONAL CANADA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS |
