CrossKeys Names New President and CEO
KANATA, ONTARIO--The Board of Directors for CrossKeys Systems
Corporation (NASDAQ: CKEY; TSE: CKY), a leading supplier of
software for telecommunication service providers, today announced
the appointment of Ian McLaren as CrossKeys new President and CEO.
Mr. McLaren's appointment is expected to take effect in the first
quarter of CrossKeys new fiscal year, which begins May 1, 1999.
John Selwyn, the Company's founding President and CEO, will
continue with CrossKeys as a member of the Board of Directors and
as a senior advisor to Mr. McLaren.
Mr. McLaren brings exceptional business experience and
market-focused leadership to CrossKeys. Mr. McLaren is currently
President of Canadian, UK and International Operations with the
computing and telecommunications company, MCI Systemhouse. In this
capacity, he has had responsibility for revenue in excess of $1
billion and 5,000 employees. Overall, Mr. McLaren has almost 20
years of experience in the high technology and networking
industry.
"Under Mr. Selwyn, CrossKeys has enjoyed growth that few companies
can rival," said Terry Matthews, Chairman of the CrossKeys Board
of Directors. "Since taking the Company public in December 1997,
Mr. Selwyn and his executive team have made the strategic
decisions that will propel CrossKeys into leadership of the
performance management software industry."
CrossKeys was founded by Mr. Selwyn in 1992 and he has led the
Company's growth from a handful of founders to over 300 employees
worldwide, and annual revenue for the last fiscal year of over $38
million.
"Mr. McLaren has the experience, knowledge and management style to
capitalize on CrossKeys opportunity," continued Mr. Matthews. "He
has the global perspective vital to a company like CrossKeys. He
has made the strategic and challenging decisions necessary for a
CEO and he has managed multi-million dollar enterprises undergoing
tremendous growth, with particular emphasis on involvement in
sales and marketing. The Board has given Mr. McLaren the mandate
to lead CrossKeys to be the dominant company in its industry." |
