Red Brick Announces New Management
PR Newswire, Wednesday, July 01, 1998 at 16:27
Increasing Emphasis on Applications
LOS GATOS, Calif., July 1 /PRNewswire/ -- Red Brick(R) Systems, Inc.
(NASDAQ:REDB), The Data Warehouse Company(R), today announced several
management changes directed at advancing the Company's application and
solution strategy. The Company has formed an "Office of the President" which
Christopher Erickson, President, CEO and Chairman, and Phillip Fernandez, who
has been promoted to the newly created position of Executive Vice President
and Chief Operating Officer, will share. This will allow Erickson to delegate
day-to-day company operations in order to provide increased focus on Red
Brick's corporate strategy, business development, and sales. Fernandez's
responsibilities will include all day-to-day operations of the Company with
the exception of sales, which Erickson will oversee. Fernandez will also be
responsible for developing, implementing and communicating a plan to
aggressively and rapidly add applications to the Company's DecisionScape(SM)
offerings and to complete the Company's transformation into a solutions
company. Fernandez was previously Senior Vice President of Products and
Services.
Margaret Brauns, Vice President and CFO, and Anthony Layzell, Sr. Vice
President, Sales and Marketing, have resigned to pursue other interests.
The Company's new executive staff, reporting to the Office of the
President effective immediately, are:
* Ron Barale, who is promoted to Vice President, Platform Products Group.
Barale will be responsible for all platform product development as well as
worldwide customer support, MIS and Operations. Barale was previously Vice
President, Support and Services.
* Andy Priest, who is promoted to Vice President, Solutions and Services.
Priest will manage the worldwide Professional Services and Educational
Services organizations, and will form and head up a key new group responsible
for the development and delivery of applications and solutions. Priest was
previously Director, Worldwide Professional Services.
* Paul Rodwick, who is promoted to the position of Vice President,
Marketing. Rodwick will be responsible for all marketing activities within the
company. Rodwick was previously Senior Director, Product Management.
* Kristi Smith, who is promoted to the position of Vice President and CFO.
Smith will be responsible for all finance and accounting functions. Smith was
previously Corporate Controller.
* Larry Howard maintains his current position as Vice President, North
American Sales.
* Peggy DeLeon also maintains her current position as Vice President,
Human Resources.
About Red Brick
Red Brick Systems, Inc. is a premier provider of data warehousing
solutions. Through Red Brick DecisionScape(SM), a comprehensive, integrated
environment of products, services, methodology and partnerships, Red Brick
helps its customers and partners improve the quality, speed and accuracy of
their business decision-making. Red Brick's leading expertise and innovative,
server-integrated technology deliver scalable decision support solutions for
data warehousing, data marts, OLAP and data mining. Red Brick is based in Los
Gatos, Calif., with 290 employees worldwide and FY97 annual revenues of
approximately $43 million.
NOTE: Information about Red Brick is available on the World Wide Web at
www.redbrick.com. News releases and corporate background information may also
be retrieved by fax. For an index of available materials, please call
800-758-5804, and enter PIN #105756.
Red Brick, the Red Brick logo and The Data Warehouse Company are
registered trademarks and Red Brick DecisionScape is a service mark and a
trademark of Red Brick Systems, Inc. All other trademarks and registered
trademarks are the property of their respective holders.
Except for the historical information contained herein, the matters
discussed in this news release include forward-looking statements that involve
risks and uncertainties described from time to time in the Company's filings
with the Securities and Exchange Commission (SEC). Factors that could cause
actual events or results to differ materially include without limitation:
Competition; Repositioning the Company towards Solutions and Applications;
Newly Announced Changes in Management Personnel; Dependence on New Products
and Rapid Technological Change; Feasibility of In-Process Technology;
Dependence upon Key Personnel; Dependence on Continued Growth of the Data
Warehouse Market; and other factors discussed in the "Risk Factors" sections
of the most recent Annual Report filed with the SEC on Form 10-K for the year
ended December 31, 1997 and the most recent Form 10-Q for the quarter ending
March 31, 1998.
SOURCE Red Brick Systems, Inc.
-0- 07/01/98
/CONTACT: investors, Rebecca Kreps, 408-399-7824, or rkreps@redbrick.com,
or media, Paul Rodwick, 408-399-7282, or rodwick@redbrick.com, both of Red
Brick Systems, Inc./
/Company News On-Call: prnewswire.com or fax, 800-758-5804,
ext. 105756/
/Web site: redbrick.com
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