Published: December 10, 2012
Progress Software Names Philip M. Pead President and Chief Executive Officer
BEDFORD, Mass. - (BUSINESS WIRE) - Progress
Software Corporation (NASDAQ: PRGS), a global software company that
simplifies and enables the development and deployment of business
applications, today announced that Executive Chairman and interim
Chief Executive Officer, Philip
Pead, has been named President and Chief Executive Officer,
As a result, Mr. Pead will step down as Executive Chairman and will be
replaced by Jack
Egan, who has been elected Non-Executive Chairman of the Board of
Directors. Mr. Egan, a Progress board member since September 2011, is
managing partner of Egan-Managed Capital.
Mr. Pead, an industry veteran with more than 25 years of experience in
the software industry has served as a member of the Progress Board of
Directors since July 2011. He was elected non-executive Chairman in May
2012, appointed Executive Chairman in October 2012 and named interim CEO
in November 2012.
To read the complete release at NewsBlaze,
Progress Software Names Philip M. Pead President and Chief Executive Officer,
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