Elevates Sales, Accounting and Information Technology Executives
SUNNYVALE, Calif - 2003-02-13 - Verity Inc. (NASDAQ: VRTY), a leading provider of enterprise software that enables organizations to maximize the return on their intellectual capital investment, today announced the promotion of four of its key executives. They include the leadership team of its worldwide sales organization, its corporate controller and its chief information officer.
Michael D. Mooney and Hugo L. Sluimer were both promoted to the positions of senior vice president, with Mooney heading Verity's field sales operations in the Americas, and Sluimer heading the company's field sales operations in Europe, the Middle East, Africa and the Asia-Pacific region. Paul H. Cook was promoted to the position of vice president and corporate controller, and Grant I. McCormick was promoted to the position of vice president and chief information officer.
In making these executive appointments, Gary J. Sbona, Verity's chairman and chief executive officer said "These promotions are in recognition of these four individuals each doing their jobs in an outstanding manner. They are consummate professionals who have made significant contributions to Verity's success on a consistent basis over an extended period of time."
Mooney will be responsible for all of Verity's sales activities in the Americas, including direct, OEM and reseller channel sales, as well as the company's business development activities on a worldwide basis. Mooney had been vice president of North American sales and business development.
Sluimer will manage Verity's sales activities in Europe, the Middle East, Africa and the Asia-Pacific region. Sluimer had served as vice president, international sales and European operations.
Cook continues to be responsible for all financial accounting, budgeting, forecasting, financial analysis, and risk management, as well as SEC reporting and treasury operations. He joined the company as corporate controller in June 2001.
McCormick will serve as Verity's executive in charge of its information processing systems, responsible for the performance and development of the company's computing and communications infrastructure. He had been the company's Director of Management Information Systems prior to this promotion.
Mooney and Sluimer continue to report to Anthony J. Bettencourt, Verity's president. Cook continues to report to Steven R. Springsteel, Verity's senior vice president of finance and administration and chief financial officer. McCormick continues to report to Dr. Ashok K. Chandra, Verity's senior vice president of development and new business activities.
About Verity
Headquartered in Sunnyvale, Calif., Verity provides software solutions that help organizations maximize the return on their intellectual capital investment by utilizing Verity's industry-leading enterprise search, classification and personalization technologies. Verity software is used for sharing information within and between enterprises; for facilitating e-commerce sales; and for B2B activities on Web-based market exchanges. In addition, Verity technology serves as a core component of many leading e-business applications.
Verity products are used by more than 3,500 organizations in the private and public sectors. Customers include Adobe Systems, AT&T, Bristol-Myers Squibb, Cisco, Cap Gemini Ernst & Young, Documentum, Dow Jones, EDGAR Online, Financial Times, H-P, Home Depot, Lotus, META Group, SAP, Siemens, Sybase, Time New Media and Timex.
For more information, contact Verity at info@verity.com or at World Wide Web site http://www.verity.com or call 408-541-1500.
Verity and the Verity logo are registered trademarks or trademarks of Verity, Inc.
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