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Proposed New Board Members for Intentia International AB
Stockholm, Sweden (ots/PRNewswire) - Intentia International AB (publ) (XSSE:INT B) announced on August 19, 2004 that at the Extraordinary General Meeting to be held on Monday, September 6, 2004, the number of members of Intentia International's board of directors is proposed to be increased to a total of nine.
Tennenbaum Capital Partners has waived this condition for its subscription of shares in the company and shareholders representing 48.4 percent of the total outstanding votes in the company now propose that the board be comprised of eight members in total. The intent, however, is to appoint an additional board member who will be an independent industry expert at a later date. Steven Chang and Intentia's CEO, Bertrand Sciard, are proposed as candidates for board positions.
If the proposal is approved, Intentia's board of directors will be comprised of Romesh Wadhwani, Jan Carlzon, Steven Chang, William Chisholm, Bob Evans, Tommy H. Karlsson, Morgan Olsson and Bertrand Sciard.
Background information on the newly proposed candidates for board positions:
Steven Chang, Principal of Tennenbaum Capital Partners, LLC
Prior to his position with Tennenbaum Capital Partners (TCP), Mr. Chang was a Principal at Barnard & Co, a private equity group managing approximately USD 2 billion and focused on growth financings for business services, information technology, and communications companies. Before that, Mr. Chang was at Goldman, Sachs & Co. where he was an analyst in Special Situations, a group investing in distressed assets, high yield debt, and capital structure arbitrage, and an investment banker in the Mergers & Acquisitions and Healthcare groups. Mr. Chang currently serves as a representative for TCP to the boards of Celerity Group, Inc., Information Resources, Inc., KH, LLC, and Kinetics Systems, Inc. He is a graduate of Stanford University where he earned bachelor of science and masters of science degrees in biological sciences, and bachelor of arts degree with distinction in quantitative economics.
Bertrand Sciard, Chief Executive Officer, Intentia International
Mr. Sciard is responsible for the overall strategic direction, growth and management of Intentia. Following his appointment as chief executive officer in May 2004, Mr. Sciard has implemented an aggressive operational plan for the company. His goals are to achieve profitability, enhance customer satisfaction, improve the speed and quality of the delivery of new products, strengthen market leadership in enterprise applications and increase growth.
Before joining Intentia, Mr. Sciard served as executive vice president of GEAC, a business performance management software company, where he was responsible for all operations within the EMEA and Asia Pacific regions. An experienced executive in the enterprise application market, Mr. Sciard has held several senior management positions including European managing director of JBA Plc and president and CEO of Presys. Prior to joining Presys, Mr. Sciard held several senior roles at IBM and holds a law degree.
Intentia is the only global enterprise applications provider dedicated to the mid-market, bringing software applications, products and consulting solutions to customers in the manufacturing, maintenance and distribution industries. By striving for 'perfect partnerships' with our customers, Intentia makes business processes more efficient. Through software, skills and committed professionals, we provide complete solutions that maximize productivity and revenue as well as cut costs. Intentia serves over 3,400 customers via a global network spanning some 40 countries.
Intentia's Movex collaborative application includes enterprise management, supplier relationship management, customer relationship management, supply chain management, value chain collaboration, enterprise performance management, and workplace management.
Intentia is a public company traded on the Stockholm Stock Exchange (XSSE) under the symbol INT B.
Visit Intentia's Web site at www.intentia.com
ots Originaltext: Intentia International AB
Im Internet recherchierbar: http://www.newsaktuell.ch
For further information, please contact: Bertrand Sciard, CEO,
Intentia International AB, Telephone: +46-8-5552-5757, Fax:
+46-8-5552-5999, Cell phone:+46-733-27-5757, e-Mail:
firstname.lastname@example.org. Håkan Gyrulf, CFO, Intentia
International AB, Telephone:+46-8-5552-5825, Fax:+46-8-5552-5999,
Cell phone:+46-733-27-5825, e-Mail: email@example.com. Mike
Telfer, Corporate Communications Manager, Intentia International AB,
Telephone: +46-733-15-92-22, e-Mail: firstname.lastname@example.org