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.
