webMethods Names Richard P. Chiarello Chief Operating Officer
November 10 2005 - 5:02PM
PR Newswire (US)
FAIRFAX, Va., Nov. 10 /PRNewswire/ -- webMethods, Inc.
(NASDAQ:WEBM), a leading provider of business integration and
optimization software, today announced the appointment of Richard
P. Chiarello to the position of webMethods Chief Operating Officer
(COO). The promotion is effective immediately and fills the
position previously held by David Mitchell, webMethods President
and Chief Executive Officer. Mr. Chiarello joined webMethods in
April 2004 as the company's executive vice president of worldwide
operations, where he reported directly to Mr. Mitchell and was
responsible for the company's global sales and services operations.
He will continue to perform these duties in his new capacity.
"Since joining webMethods, Rich has played a significant role in
our drive toward double-digit operating margins with these efforts
producing the GAAP profitability that we reported in the company's
most recent fiscal quarter," said webMethods' President and Chief
Executive Officer David Mitchell. "As many have recognized, our
successful embrace of solution selling under Rich's leadership has
played a pivotal role in this success. During his tenure with
webMethods, Rich has also earned widespread respect and admiration
for his leadership, insight and passion for our business. His
success in this capacity, as well as previous experience with some
of the world's largest enterprise software companies, makes him the
ideal person to serve in this position." Mr. Chiarello brings
nearly three decades of experience in the enterprise software
market to this position. Prior to joining webMethods, he led
worldwide sales for Siebel Systems, where he was credited with
implementing a successful shift to solution selling. Previously, he
served as Computer Associates' executive vice president of
worldwide sales and channels with the company growing to more than
$5 billion in annual revenues during his tenure. He was also
instrumental in the early success of Computer Associates'
Unicenter/TNG business, which generated more than $1 billion in the
first year of the product's general availability. Mr. Chiarello
holds a bachelor's degree in economics from Queens College. About
webMethods, Inc. webMethods (NASDAQ:WEBM) provides business
integration software to integrate, assemble and optimize available
IT assets to drive business process productivity. webMethods
delivers an innovative, enterprise-class business integration
platform that incorporates proven integration technology with next
generation capabilities into one interoperable set of tools that
delivers a unique combination of efficiency, agility and control.
webMethods combines industry leadership with a zealous commitment
to customers to deliver tangible business value to more than 1,300
global customers. webMethods is headquartered in Fairfax, Va., with
offices throughout the United States, Europe, Asia Pacific and
Japan. More information about the company can be found at
http://www.webmethods.com/. The webMethods name and logo are
registered trademarks of webMethods, Inc. in the United States and
certain other countries. This press release may contain various
remarks about the future expectations, plans and prospects of
webMethods that constitute forward- looking statements for purposes
of the safe harbor provisions of U.S. securities laws. Actual
results of webMethods may differ materially from those indicated by
these forward-looking statements as a result of various factors,
risks and uncertainties, including those discussed under the
heading "Factors That May Affect Future Operating Results" in the
Business section of webMethods' Form 10-K for the year ended March
31, 2005 and Form 10-Q for the three months ended September 30,
2005 which are on file with the U.S. Securities and Exchange
Commission and may be accessed at http://www.sec.gov/ or
webMethods' investor relations web page at
http://www.webmethods.com/investors. DATASOURCE: webMethods, Inc.
CONTACT: John Conley, Public Relations, +1-703-460-5996, or , or
Christopher Martin, Investor Relations, +1-703-460-6609, , both of
webMethods, Inc. Web site: http://www.webmethods.com/
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