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Technology Stocks : Business Objects (BOBJ) - any followers??? -- Ignore unavailable to you. Want to Upgrade?

To: StormRider who wrote (587)	6/29/1998 5:45:00 PM
From: StormRider	Read Replies (1) \| Respond to of 1150

Business Objects Announces Management Changes SAN JOSE, Calif.--(BUSINESS WIRE)--June 29, 1998--Business Objects (NASDAQ:BOBJY - news), the world's leading provider of integrated enterprise decision support tools, today announced changes in its management team. Dave Ellett, the company's chief operating officer (COO), will leave the company effective June 30, 1998, to pursue a position as president and chief executive officer of a Silicon Valley start-up company. Ellett joined Business Objects in early 1997 from Oracle Corp [Nasdaq:ORCL - news]. Bernard Liautaud, president and chief executive officer of Business Objects, will assume Ellett's direct operational duties, leading the field management team for Business Objects' Americas, European, and Asia-Pacific regions. ''We appreciate Dave Ellett's efforts as part of the team that has increased our growth and profitability, and we wish him well in his new endeavor,'' said Liautaud, president and CEO of Business Objects. ''This is a time of market strength and expanding business opportunities for Business Objects. We have released significant new products such as our WebIntelligence(TM) thin-client decision support solution, and are pursuing exciting new opportunities such as extranet business intelligence applications.'' Business Objects also announced organizational changes in its European and United States operations. In Europe, John Powell was promoted to senior vice president of the Atlantic Division, and Eric Faurisson was promoted to senior vice president of the Continental Division. Both are seasoned veterans with Business Objects. Powell joined the company in 1991 and Faurisson in 1992. In the United States, Jon Temple was promoted to vice president of sales for the Americas. Temple joined Business Objects in 1992 and has been the director of sales for the United Kingdom, one of the most successful regions in the organization. Temple reports to Paul Doscher, general manager of the Americas. ''I am very pleased to announce the transfer and promotion of Jon Temple, and the promotions of John Powell and Eric Faurisson,'' Liautaud continued. ''Together they have more than 19 years of experience with Business Objects and more than 40 years of experience in the information technology industry. They have the depth of experience in sales management and the extensive knowledge of our market that are required to help us continue to improve the company's performance. It gives me great pleasure to recognize their contributions in this way and to provide them with these new opportunities.''