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Ron Hovsepian New CEO at Novell |
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Thursday, June 22 2006 @ 10:18 AM EDT
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Here's the press release announcing Novell's new CEO Ron Hovsepian, who succeeds Jack Messman.
Novell's one-hour conference call with management this morning is available, they say, for telephone playback through midnight ET, June 30. The domestic toll-free replay number is 800-642-1687, and the international replay number is +1-706-645-9291. Replay listeners must enter conference ID number 2096270. Bloomberg quotes Hovsepian as saying his "top priority" will be to speed up the company's switch to offering Linux open-source software.
Hovsepian sent an email to Novell customers today, in which he announced the changes (Joseph Tibbetts is also leaving) and added:
Our Board is grateful for Jack’s and Joe’s years of service and dedication. Their leadership was pivotal in helping to guide the company through a period of dramatic change in the industry. One of the many hallmarks of their tenure was spearheading the company’s shift to a Linux and open source-based strategy which placed Novell at the center of one of the most significant computing developments of the past decade....
I want to assure you that Novell will remain focused on aggressively executing our Open Enterprise strategy. This is an enterprise that leverages a mixed source environment and takes advantage of open standards-based commercial software and the best the open source world has to offer. We have already made an excellent start. We’re working with customers around the world that service multiple industries and institutions to ensure that our Open Enterprise strategy is customized to meet their needs. Here's the meat of the press release:
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Novell Names Ron Hovsepian To Succeed Jack Messman as CEO
Thomas G. Plaskett elected Chairman of the Board
Joseph Tibbetts to leave company; Dana Russell named interim CFO
WALTHAM, Mass.—22 Jun 2006—Novell, Inc. (NASDAQ: NOVL) today announced that its Board of Directors has elected President Ronald W. Hovsepian, 45, to the additional position of chief executive officer, effective immediately. Hovsepian, who also has been elected to the Board of Directors, has been president and chief operating officer since October 2005. The Company also announced that Thomas G. Plaskett, a director of Novell since November 2002, has been elected non-executive Chairman of the Novell Board.
Novell's Board of Directors has determined that former CEO Jack L. Messman, 66, and former CFO Joseph S. Tibbetts, Jr., 53, will leave Novell's employment, effective June 21. Mr. Messman will remain on Novell's Board of Directors until Oct. 31, 2006. Dana C. Russell, 44, Novell's current vice president of finance and corporate controller, has been appointed interim CFO while the company conducts a search for a permanent replacement.
Mr. Plaskett stated: "The Board concluded that a management change would be the best way to accelerate the execution of our growth strategy and build value for shareholders. Ron is the ideal choice to lead the company as we continue with our transition to Linux-based products and identity and resource management and leverage our unique support of mixed source environments. He is a talented and proven executive with deep knowledge and expertise in the infrastructure software business and the enterprise market. Following his 17 year career at IBM and other industry experiences, Ron has rapidly progressed through top positions at Novell over the past three years. He has played an integral role in developing the company's operating strategy and fully understands Novell's compelling growth opportunities. He has forged close relationships with key customers and is highly regarded by the Board and employees throughout our organization."
Hovsepian said: "I am very enthusiastic about the opportunity to lead Novell and to aggressively execute our strategic plan. In recent months, we have adopted a comprehensive strategy, strengthened our portfolio through both acquisitions and organic growth, and divested the non-core Celerant business. Although we still have much to do, these steps have positioned us to take full advantage of recent trends towards a mixed source computing environment based on open source and open standards."
Hovsepian continued: "Going forward, we will maintain a sharp focus on meeting customer demand and delivering value through Linux-based, enterprise-wide solutions and identity and resource management products. We have innovative technology, a strong roster of customers and business partners and an extremely talented group of employees. I look forward to continuing to work closely with our business partners and customers."
Hovsepian concluded: "I am pleased that Dana Russell has agreed to assume the responsibilities of interim CFO. Over the past 12 years, Dana has gained experience in numerous parts of the business, including finance and tax, and he is an expert in our financial operations and controls."
Commenting on these changes, Plaskett stated: "The Board is grateful for Jack's and Joe's service to the company. Jack has been a director since the company's founding, and he and Joe helped lead Novell through a period of dramatic change in the software and information technology sectors. In particular, the company's decision under Jack's leadership to adopt an open source-based strategy put Novell at the center of one of the most significant computing developments in the last decade. We wish them further success in their future endeavors."
Biographical Information
Ron Hovsepian is president, chief executive officer and a member of the Board of Directors. He previously served as president and chief operating officer. In that role, he had direct worldwide responsibility for product development, marketing, and field operations, which includes sales, consulting and technical services. He joined Novell in June 2003 as president of North America, and has led the transformation of global field operations since May 2005. Previously, Hovsepian held management and executive positions at IBM Corporation over a 17 year period, including serving as worldwide general manager of IBM's distribution industries, where he managed global hardware and software development, sales, marketing and services. With stints in various sales and marketing positions prior to taking profit and loss responsibility at several IBM units, he has a proven track record of achieving revenue goals and profit growth in the IT solutions business. He also served as a managing director of Internet Capital Group, a venture capital firm. Hovsepian is currently non-executive Chairman of the Board of Directors of the Ann Taylor Corporation. He received a Bachelor of Science degree from Boston College.
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Authored by: fempisces on Thursday, June 22 2006 @ 10:38 AM EDT |
Please :)
--- What if life was for free & work was for fun? [ Reply to This | # ]
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Authored by: fempisces on Thursday, June 22 2006 @ 10:40 AM EDT |
For all those things you just have to say.
--- What if life was for
free & work was for fun? [ Reply to This | # ]
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Authored by: gvc on Thursday, June 22 2006 @ 10:47 AM EDT |
Apparently the issue was simply disappointing performance. I have seen no
indications of impropriety.
Bloomberg Article [ Reply to This | # ]
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Authored by: ray08 on Thursday, June 22 2006 @ 11:39 AM EDT |
Sounds like he got fired for not "gittin 'r done"! This was sudden,
and unexpected (for me at least).
---
Caldera is toast! And Groklaw is the toaster! (with toast level set to BURN)[ Reply to This | # ]
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- Wow! - Authored by: rwelty on Thursday, June 22 2006 @ 12:02 PM EDT
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Authored by: Anonymous on Thursday, June 22 2006 @ 02:11 PM EDT |
Now let's hope Novell can use Linux as a springboard to bring their product line
into the future. From what I hear too many of Novell's products are good,
reliable technology with truly unacceptable user interfaces.[ Reply to This | # ]
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Authored by: Anonymous on Thursday, June 22 2006 @ 04:05 PM EDT |
It would be interesting to see Novell make many more billions with open source
than SCOX ever hoped to steal from their legal antics.[ Reply to This | # ]
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Authored by: argee on Thursday, June 22 2006 @ 06:06 PM EDT |
Companies have to adapt, or sink. Few are in a business that
does not change over time. What happens to those that do not,
is a slow and painful decline, and often interesting death
throes.
A good example has been Novell, and this is one of their
squiggles. It may be a death throe, or it may be that the
company is repositioning itself in a new direction.
A company is not married to its line of business. IBM used to
make mechainical monsters, selectric typewriters and card
sorters. Now they are into electronics. Other companies
have repositioned, often completely outside thier old
line of business. Clothing manufacturers have switched
to pharmaceuticals and the like.
Those that persist in their line of business run the risk
of becoming Irrelevant. I see that happening with
Microsoft. They sit over there in Redmond making a lot of
noise, and eventually Linux and Free Software will
commoditize the market and they become irrelevant. My
guess this will become rather obvious to anyone in two or
three years, barring some legislation that will prolong
their agony. To those that have sharp eyes, the clues are
all in place right now.
Novell is changing lanes here and the new road may lead to
the Golden City or may take them over the abyss.
---
--
argee[ Reply to This | # ]
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Authored by: Anonymous on Thursday, June 22 2006 @ 09:47 PM EDT |
Is there a deep connection between Novell and new SCO?
How many people are on the board of both companies? And who are the controlling
shareholders of new SCO and Novell?
I ask, because something doesn't feel right about them. I've been in the IT
industry a long time, and I love Novell products despite their weaknesses caused
by focusing on buzzwords instead of their core competency. I also consider SuSe
a great distro. Yet it seems obvious that Novell buying SuSe is such close
proximity to the SCO lawsuit was no coincidence.
With the arbitration hearing behind closed doors, it gets even more interesting.
Will we have any idea what evidence Novell presents? If they threw the case,
what would be the legal ramification in the US to Linux?
[ Reply to This | # ]
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Authored by: Anonymous on Friday, June 23 2006 @ 02:22 AM EDT |
Is it possible (and legal) to record the conversation
and offer it online as an ogg or mp3 file?
Would someone be so kind as to try that? :)[ Reply to This | # ]
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