Altair Announces Chief Financial Officer Transition
December 08 2020 - 7:00AM
Altair (Nasdaq: ALTR), a global technology company providing
software and cloud solutions in the areas of simulation, data
analytics, and high-performance computing (HPC), today announced
that Matthew Brown has been appointed to serve as senior vice
president, effective January 1, 2021, and will become Altair’s
chief financial officer (CFO), on March 16, 2021. Brown will
succeed Howard Morof, who will be stepping down from the CFO role
on March 16, 2021 to pursue new opportunities and personal
interests.
Brown previously served in finance leadership roles at
NortonLifeLock, a leading consumer cyber safety company, including
as interim CFO from November 2019 to July 2020. Prior to that he
served in finance leadership roles at Symantec, a leading provider
of enterprise security software, from August 2016 to November 2019,
most recently as vice president of finance and chief accounting
officer. Earlier, Brown served in various finance roles at Blue
Coat Systems, NETGEAR, and Brocade Communications, after beginning
his career at KPMG, LLP. Brown is a certified public accountant and
holds a Bachelor of Science degree in business administration from
the Walter A. Haas School of Business at University of California,
Berkeley.
“We are extremely excited to add Matt to our team,” said James
R. Scapa, founder and chief executive officer of Altair. “His
experience in finance and accounting, as well as his commitment to
business growth, position him to make significant contributions to
our company. I expect that he will be a valued advisor to me and an
important part of our growth and development.”
“I’m thrilled to be joining Altair at such an exciting point in
the company’s history,” said Brown. “Innovation and envisioning the
future are at the core of Altair’s culture. I look forward to
continuing that legacy while working alongside some of the
industry’s smartest people to drive profitable growth and deliver
value to our customers, partners, stockholders, and employees.”
“I also want to take this opportunity to thank Howard Morof for
his significant contributions to Altair over the past eight years,
both as the head of our accounting and finance teams and as an
important member of senior management,” said Scapa. “With his
leadership in guiding us through our IPO and helping us to develop
a firm footing as a reporting company, Howard has been instrumental
in developing our strong relationship with the investment
community, founded on a solid reputation for integrity and
credibility. I wish Howard much success in the future.”
“It has been a great pleasure to serve as CFO of Altair,” said
Morof. “I have the utmost confidence in the organization, and I am
grateful for the opportunity to have worked with such a talented
and dedicated team of people.”
Altair is reaffirming its previously announced guidance for the
fourth quarter and full year 2020 which was outlined in its third
quarter 2020 earnings press release.
About Altair (Nasdaq: ALTR)
Altair is a global technology company that provides software and
cloud solutions in the areas of data analytics, simulation, and
high-performance computing (HPC). Altair enables organizations
across broad industry segments to compete more effectively in a
connected world while creating a more sustainable future. To
learn more, please visit www.altair.com.
Cautionary Language Concerning Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, our reaffirmation of our guidance for the fourth quarter and
full year 2020. These forward-looking statements are made as of the
date of this release and are based on current expectations,
estimates, forecasts and projections as well as the beliefs and
assumptions of management. Words such as “expect,” “anticipate,”
“should,” “believe,” “hope,” “target,” “project,” “goals,”
“estimate,” “potential,” “predict,” “may,” “will,” “might,”
“could,” “intend,” variations of these terms or the negative of
these terms and similar expressions are intended to identify these
forward-looking statements. Forward-looking statements are subject
to a number of risks and uncertainties, many of which involve
factors or circumstances that are beyond Altair’s control. Altair’s
actual results could differ materially from those stated or implied
in our forward-looking statements due to a number of factors,
including but not limited to, the risks detailed in Altair’s
quarterly and annual reports filed with the Securities and Exchange
Commission as well as other documents that may be filed by the
Company from time to time with the Securities and Exchange
Commission. Past performance is not necessarily indicative of
future results. The forward-looking statements included in this
press release represent Altair’s views as of the date of this press
release. The Company anticipates that subsequent events and
developments will cause its views to change. Altair undertakes no
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. These forward-looking statements should not be relied
upon as representing Altair’s views as of any date subsequent to
the date of this press release.
Altair Media Contact
CorporateJennifer Ristic+1.216.849.3109jristic@altair.com
Altair Investor RelationsThe
Blueshirt GroupMonica Gould +1 212.871.3927ir@altair.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4c94d7dd-3f5a-4632-8dad-6711703ad13a
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