Novell Executive Shakeup: Appointment? Shuffle? Departure? (Corrected: Board, Not Executive)

Dr. Roy Schestowitz

2007-04-16 22:35:32 UTC
Modified: 2007-04-17 04:01:37 UTC

Novell has published this rather optimistic press release about an appointment in the company. Looking at the 8-K Form that is independent from PR, it appears as though one important ~~executive~~ board member (thanks, Ian, for the correction) recently departed from the company, leaving a vacant position. This might be difficult to confirm, but in any event, changes at this level are a sign of weakness.

Comments

Ian

2007-04-17 01:05:30

From what I read, they have added a board member, not an executive. They do not get involved with the day to day operations unless they're in dual role(see Steve Jobs). A change in an executive position has more impact than a board member depending on the situation. Unless there's a possible takeover in the works and you have a poison pill situation, it's an otherwise fairly irrelevent occurance.
Jim

2007-04-20 03:06:41

The departure was Jack Messman.

http://www.sec.gov/Archives/edgar/data/758004/000075800406000079/novl-8k_091206.htm

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