Responding to its recent reports of growth, business process management provider Software AG has implemented a new management structure.
The company's Supervisory Board has established a new company governing body, the Group Executive Board (GEB).
Software AG says this enhanced management structure reflects the increased size of
Software AG and is adaptable to the rapid growth of the enterprise.
“The GEB consists of four members from the current management board, plus four divisional directors representing the operational management areas. Chairman of the GEB is Karl-Heinz Streibich, CEO of Software AG,” it adds.
The company also says the four divisional directors are Mark Edwards; Ivo Totev; Kamyar Niroumand, recently announced as new executive VP of the DACH (Germany, Austria, Switzerland) region; and Josef Bommersbach, executive VP of IDS Scheer's Global consulting.
“The four management board members are Karl-Heinz Streibich, Arnd Zinnhardt, David Broadbent and Dr Wolfram Jost, recently appointed, with responsibility for research and development, product management and product marketing for all Software AG Group products,” it adds.
Software AG says its current chief product officer, Dr Peter K"urpick, is leaving the company at his own request.
Xhead = Growing revenue
The company recently reported that it increased its earnings by 33%.
Software AG's Group revenue totalled EUR517.6 million in the first half of 2010, a 51% increase over the previous year.
In the same period, product revenue was EUR308.6 million, 20% higher than in 2009.
Maintenance revenue grew by 21% to EUR178.6 million and licence revenue climbed by 19% from EUR109.1 million to EUR130.1 million.
The company confirms its “forecast for fiscal year 2010 first published in February of this year, with total revenue growth of between 25% and 30% and product revenue growth of between 12% and 15%, at constant currency rates.”
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Software AG seeks growth evolution
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