Tom Francese to Leave Novell

Posted on
Share on Google+Share on LinkedInShare on FacebookShare on RedditTweet about this on TwitterEmail this to someone

<p><strong>Waltham, Mass. &mdash; June 17</strong><br />Novell announced Thomas M. Francese, executive vice president of worldwide sales, will leave the company, effective July 31. Francese joined Novell in October 2005 to lead the company&#39;s European sales and operations. During that time, Mr. Francese supported the transformation of the sales and go-to-market activities in that region. In October 2006, he was promoted to the position of executive vice president for worldwide sales. <br /><br />Commenting on the announcement, Ron Hovsepian, president and CEO, acknowledged Francese&#39;s contributions to Novell&#39;s success: "Tom&rsquo;s charter was to help grow Novell&rsquo;s sales, channel and alliances activities around the globe. Through his efforts and those of his team, we now have a strong ecosystem in place to serve our customers within the rapidly growing Linux and security, identity and systems management markets." <br /><br />Given the maturity of Novell&#39;s sales transformation and the reorganization of its sales activities, this position will be eliminated. The regional sales management of Novell remains unchanged with Tim Wolfe continuing as president of Americas, Volker Smid continuing as president of Europe, Middle East and Africa, and Maarten Koster continuing as president of Asia Pacific. <br /><strong><br />Financial Outlook </strong><br />Novell management reiterates the following financial guidance for the full fiscal year 2008:</p><ul><li>Net revenue is expected to be between $940 million and $970 million. </li><li>Non-GAAP operating margin is expected to be between 7 and 9 percent, excluding all acquisition-related intangible asset amortization. </li></ul><p> </p>

Share on Google+Share on LinkedInShare on FacebookShare on RedditTweet about this on TwitterEmail this to someone
cmadmin

ABOUT THE AUTHOR

Posted in Archive|

Comment:

Leave a comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>