FOR RELEASE Tuesday, October 11, 2005
PLANO, Texas– UGS Corp., a leading provider of product lifecycle management (PLM) products and services, today announced the company has elected three new directors to its board of directors.
The new directors are:
· L. Dale Crandall, who most recently served as President and Chief Operating Officer of Kaiser Foundation Health Plan. Inc. and Kaiser Foundation Hospitals. Crandall joined Kaiser in 1998 as Senior Vice President and Chief Financial Officer. Prior to joining Kaiser, he served as Executive Vice President, Chief Financial Officer and Treasurer of APL Limited and had 32 years of experience with PriceWaterhouse. At PriceWaterhouse, Crandall served as the Southern California Managing Partner and oversaw services provided to numerous clients including Bank of California, Hewlett Packard, Chevron, and Disney. Crandall is also a member of the boards of directors of Ansell Ltd. (NASDAQ: ANSL), BEA Systems, Inc. (NASDAQ: BEAS), Covad Communications, Inc. (AMEX: DVW), Coventry Health Care, Inc. (NYSE: CVH) and UnionBanCal Corporation (NYSE: TDY), and is a trustee for Dodge & Cox Mutual Funds.
· Paul David Miller, Admiral, United States Navy (Retired), who most recently was Chairman of the Board of Directors of Alliant Techsystems, Inc. (NYSE: ATK), a $2.8 billion advanced weapon and space systems company with strong positions in propulsion, composite structures, munitions, precision capabilities and civil and sporting ammunition. Admiral Miller joined ATK as Chairman and Chief Executive Officer in January 1999 and retired from ATK on March 31, 2005. Prior to joining ATK, Admiral Miller was with Litton Industries, Inc., where he was Vice President and led Litton Marine Systems. He joined Litton/Sperry Marine in 1994 following a 30-year career in the U.S. Navy. Admiral Miller is the author of several works on leadership and strategy and serves on the boards of Anteon International Corporation (NYSE: ANT), Donaldson Company Inc. (NYSE: DCI) and Teledyne Technologies Inc. (NYSE: TDY).
· David Peterschmidt, President and CEO of Openwave Systems, Inc. (NASDAQ: OPWV). Openwave is a leading independent provider of open software products and services for the communications industry. Prior to joining Openwave in November 2004, he was CEO and Chairman of Securify, Inc., a security software company. Prior to this position, he was Chairman, President and CEO of Inktomi Corporation, where he steered the company to a leadership position in Internet infrastructure and guided Inktomi’s public offering, operations expansion and the sale of the company to Yahoo! in 2003. Prior to Inktomi, Peterschmidt managed operations at Sybase, Inc. for six years from 1991 until 1996, serving as its Chief Operating Officer for his last five years there. He has also held a range of executive positions at other technology software and hardware companies. Peterschmidt currently serves on the board of directors of Openwave and of several other companies.
Crandall, Miller and Peterschmidt join Tony Affuso, CEO, President and Chairman of the Board and six representatives from UGS’ private equity sponsors on the company’s board of directors. Those directors are: Gregory Back, managing director, Warburg Pincus; Andrew Balson, managing director, Bain Capital; Patrick Hackett, managing director, Warburg Pincus; Greg Mondre, director, Silver Lake Partners; Mark Nunnelly, managing director, Bain Capital; and David Roux, co-founder and managing director, Silver Lake Partners.
“UGS is indeed privileged to be able to tap into the experience of both our new directors and our financial sponsors in charting our future course,” Affuso said. “We look forward to working with our board as we focus on expanding our leadership position in the growing PLM market, all while focusing ultimately on adding value to our customers by helping them transform their processes of innovation.”
UGS is a leading global provider of product lifecycle management (PLM) software and services with nearly 4 million licensed seats and 46,000 customers worldwide. Headquartered in Plano, Texas, UGS’ vision is to enable a world where organizations and their partners collaborate through global innovation networks to deliver world-class products and services while leveraging UGS’ open enterprise solutions, fulfilling the mission of enabling them to transform their process of innovation.
Note: UGS is a trademark or registered trademark of UGS Corp. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.