Business Objects' Founder, Bernard Liautaud, Resigns as Chairman and Chief Strategy Officer Following Close of Business Objects
30 Janvier 2008 - 3:00PM
Business Wire
Business Objects (Nasdaq:BOBJ) (Euronext Paris ISIN code:
FR0004026250 - BOB), the world�s leading provider of business
intelligence (BI) solutions, today announced that Bernard Liautaud,
the company�s founder, has resigned his duties as Chairman and
Chief Strategy Officer (CSO). At its Annual General Meeting of
Shareholders in June 2008, the SAP Supervisory Board intends to
propose to elect Bernard Liautaud to the SAP Supervisory Board.
Until that time, Mr. Liautaud will have an advisory role to Henning
Kagermann, CEO of SAP, on aspects of strategy and integration. This
announcement is pursuant to the organizational changes announced
following SAP�s acquisition of Business Objects (link to
http://www.sap.com/usa/company/press/press.epx?pressid=8734). �The
industry I helped create almost two decades ago has changed
dramatically over the years, and I am very proud to say that
Business Objects has consistently been a pioneer in bringing
innovation to the market,� said Liautaud. �The vision we started
out with is now a reality and the need for business intelligence
has become pervasive across enterprises large and small. This
industry is now at a tipping point and I am confident that,
together with SAP, Business Objects will continue to innovate and
help transform the way the world works by connecting people,
information and businesses.� Bernard Liautaud cofounded Business
Objects in 1990 and was chief executive officer until September
2005, when he brought the Company to the one billion dollar revenue
mark. Liautaud took the company public on NASDAQ in September 1994,
and established a precedent by making Business Objects the first
French software company listed in the United States. Since that
time, Liautaud led Business Objects through 15 successful years of
growth and profitability, transforming the Company into one of the
15 largest software companies in the world and the clear leader in
the business intelligence market. In parallel to his successful
stewardship of Business Objects, he created the Business Objects
Foundation to channel employee and corporate philanthropic
activities into communities around the world. About Business
Objects Business Objects has been a pioneer in business
intelligence (BI) since the dawn of the category. Today, as the
world�s leading BI software company, Business Objects transforms
the way the world works through intelligent information. The
company helps illuminate understanding and decision-making at more
than 46,000 organizations around the globe. Through a combination
of innovative technology, global consulting and education services,
and the industry�s strongest and most diverse partner network,
Business Objects enables companies of all sizes to make
transformative business decisions based on intelligent, accurate,
and timely information. Business Objects has dual headquarters in
San Jose, Calif., and Paris, France. The company�s stock is traded
on both the Nasdaq (BOBJ) and Euronext Paris (ISIN: FR0004026250 -
BOB) stock exchanges. More information about Business Objects can
be found at www.businessobjects.com.
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