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Technology Stocks : CrossKeys Systems Corp [CKEY and CKY/TSE] -- Ignore unavailable to you. Want to Upgrade?

To: Sultan who wrote (455)	4/8/1999 7:57:00 AM
From: Glenn McDougall	Read Replies (1) \| Respond to of 792

Selwyn set to step aside By SUSAN TAYLOR, Ottawa Sun CrossKeys Systems Corp. founder John Selwyn will hand over the controls of his company to SHL Systemhouse executive Ian McLaren. Selwyn said he approached CrossKeys' board of directors nine months ago to ask them to find another CEO and president who could better push the company's expansion. "The philosophy I have propagated at CrossKeys is to do what's right for the company," he said. "I don't believe, in short, that I have the right skills or personality to tackle this as aggressively as it needs to be tackled." CrossKeys, which develops network management software, must expand its sales channels and advance its technology, Selwyn said. The company warned in February it faced a weaker performance in the upcoming fourth and first quarters as channel partner revenue and sales in Asia slowed. McLaren leaves his post as president of Canadian, U.K. and international operations for SHL in late May, after the company's acquisition by EDS Canada is expected to be complete. EDS Canada CEO Sheelagh Whittaker will fill McLaren's post at SHL. "I'm honoured that he would relocate here," said Selwyn, who remains on CrossKeys' board of directors and will work with McLaren during the transition. "He is a natural leader." Selwyn, a Carleton University graduate and former engineer with Gandalf and Domus Software, was approached by Newbridge CEO Terry Matthews in 1992 to run CrossKeys. Selwyn led the firm from a handful of founders to a company with annual revenue of more than $38 million and more than 300 staff today. "There are aspects that are bittersweet," said Selwyn, who plans to take off time to spend with his family. "I care very deeply for the people at CrossKeys." CrossKeys' shares rose 30cents on the TSE yesterday to close at $6.70.