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Monday April 26, 8:55 am Eastern Time
Company Press Release
Geac Continues Executive Transition
MARKHAM, Ontario--(BUSINESS WIRE)--April 26, 1999--(TSE:GAC. - news) Geac Computer Corporation Limited today announced the continued execution of its orderly succession plan in support of the recently announced appointment of Mr. Douglas G. Bergeron as President, Chief Executive Officer and as a member of the Board of Directors of the corporation, effective today.
William Nelson, former President and Chief Executive Officer, will continue as Chairman of the Board of Directors. Stephen J. Sadler, former Vice Chairman, will begin a phasing out of responsibilities and will be leaving the company effective May 31, 1999.
Mr. Nelson said: ''These changes are part of the orderly transition of responsibilities that began two months ago with the appointment of John Lanaway as Chief Financial Officer, and most recently with the appointment of Doug Bergeron as President and CEO. We thank Steve for his dedication and contributions over the years.''
''Our acquisition strategy is in full gear and there exist a very high number of compelling opportunities. In addition to my own active involvement, we will be adding significant bandwidth to our acquisition team in order to support our commitment to growth'', said Mr. Bergeron.
Mr. Sadler commented: ''Geac's opportunity for growth by acquisition is significant. As a shareholder, I look forward to seeing the company continue to be successful''.
Founded in 1971, Geac is a provider of mission critical enterprise applications, supplying industry specific software to ten vertical markets as well as cross industry administrative applications comprised of financial, human resources and materials management software. Headquartered in Markham, Canada, Geac has more than 90 offices in 16 countries and serves customers in more than 40 countries worldwide. Geac product and service information is available on the World Wide Web at geac.com, or through email at info@geac.com. Geac is a publicly traded company with its common shares listed on the Toronto Stock Exchange (Symbol: GAC).
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