Autonomy Appoints Mark Opzoomer and Sushovan Hussain To Board Of Directors
SAN FRANCISCO, Calif. - June 4, 2003 - Autonomy Corporation plc (Nasdaq: AUTN; LSE: AU., Nasdaq Europe: AUTN), a global leader in infrastructure software for the enterprise, today announced the appointment of two new members to its board of directors and a new chairman to its audit committee.
Mark Opzoomer, European managing director and regional vice-president of Yahoo!, joins the board as a non-executive director and will serve as Chairman of Autonomy's Audit Committee.Sushovan Hussain, Chief Financial Officer of Autonomy Corporation plc since June 2001, joins the Board as an executive director. Both appointments are effective as from 1 June 2003.
"We are proud to welcome Mark and Sushovan as distinguished additions to our board of directors," said Autonomy CEO and co-founder Dr. Michael Lynch. "Mark brings strong business management experience from the media and information industry as well as a significant knowledge of US and UK financial reporting and compliance. Sushovan's appointment to the Board reflects his significant contribution to the business as CFO since June 2001 and we look forward to his continuing contribution to the development of the business at board level. The combination of their experience and knowledge will make them valuable assets as Autonomy continues to grow and penetrate new markets with its infrastructure software."
Mr. Opzoomer has more than twenty years of experience in business and finance. Since July 2001, he has served as European managing director & regional vice-president of Yahoo!. Prior to joining Yahoo!, from 1994 through 1999, Mr. Opzoomer was deputy chief executive of Hodder Headline PLC, an international consumer and educational book publishing company listed on the London Stock Exchange. From 1988 through 1993, Mr. Opzoomer served in various positions with the Virgin Group, including commercial director of Virgin Communications. In 1991, Virgin Mastertronic Group was sold to Sega Enterprises, where Mr. Opzoomer was Commercial and Finance Director until 1994.
Mr. Opzoomer holds an MBA from IMD, Lausanne, Switzerland, and earned a Bachelor of Commerce, Honors, from Queen's University, Ontario, Canada. Mr. Opzoomer also completed in 1995 the London and Wharton Business Schools Directors Forum, a program for public company directors. Mr. Opzoomer qualified as a chartered accountant with PwC (Coopers & Lybrand) in 1981, where he spent 7 years in audit and then business investigation services.
Mr. Hussain has served as Autonomy's chief financial officer since June 2001. Prior to joining Autonomy, Mr. Hussain worked for LASMO plc, one of the world's largest independent oil and gas exploration companies which was acquired by Eni in early 2001, where he held a number of senior international financial positions, including three years in the corporate development department, charged with acquisition and divestments.
Mr. Hussain received his BA in Economics from Cambridge University, England, and qualified as a chartered accountant with Ernst & Young in London.
The Company confirms that it is not aware of any details requiring disclosure under Listing Rule 16.4 in respect of the appointment of Mark Opzoomer and Sushovan Hussain.
About Autonomy
Autonomy Corporation plc (Nasdaq: AUTN; Nasdaq Europe: AUTN; LSE: AU.) is a global leader in infrastructure software for the enterprise. Autonomy's technology powers applications dependent upon unstructured information including customer relationship management, knowledge management, enterprise portals, enterprise resource planning, online publishing and security applications. Autonomy's customer base includes more than 600 global organizations including AstraZeneca, BAE Systems, Ford, Ericsson, Hutchison 3G, the BBC, RoyalSunAlliance, Sun Microsystems and public sector agencies including the US Department of Defense, NASA and the US Department of Energy, as well as the UK Government's Department of Trade and Industry. Strategic reseller and OEM partners include leading companies such as ATG, BEA, Business Objects, Computer Associates, Hewlett- Packard, IBM Global Services, Vignette, EDS and Sybase. The company has offices worldwide and is on the Web at www.autonomy.com.
Caution Concerning Forward-Looking Statements
With the exception of historical information, the matters set forth in this news release are forward-looking statements that involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. These factors include, among others, technology risks, including dependence on core technology; fluctuations in quarterly results; dependence on new product development; rapid technological and market change; reliance on sales by others; management of growth; dependence on key personnel; rapid expansion; growth of the Internet; financial risk management; and future growth subject to risks. These factors and other factors which could cause actual results to differ materially are also discussed in the company's filings with the United States Securities and Exchange Commission, including Autonomy's Annual Report on Form 20-F and Registration Statements on Form F-1.
For more information, please contact:
Ian Black
Autonomy Corporation plc
+44 (0) 1223 448 000 ianb@autonomy.com
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