CIMdata PLM Industry Summary Online Archive
25 February 2009
Company News
Aspen Technology Announces CFO Transition
Aspen Technology, Inc. announced that Brad Miller will be leaving his post as chief financial officer in order to pursue other interests, effective February 26, 2009. The Company also announced that it has begun an executive search process to replace Mr. Miller, and that Mark Fusco will serve as interim chief financial officer pending completion of the search.
Mark Fusco, chief executive officer of AspenTech, stated “The Company and the Board would like to thank Brad for his service over the past two years, and for his efforts in getting the Company on file with its new independent auditing firm. With this important milestone achieved, we have a framework in place to help the Company complete its outstanding filing requirements. We wish Brad the best of luck in his future endeavors.”
Fusco added, “I believe the Company’s customer facing operations are executing at a high level, as evidenced by the solid license bookings performance in the most recent quarter and first six months of fiscal 2009. I am confident in the company’s ability to continue executing at a high level, and believe that today’s announcement will not impact our targets for bringing the company’s financial reporting current.”
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