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John Schwarz Named CEO of Business Objects

    Online News published in DMReview.com
September 12, 2005

Business Objects announced that it has named John Schwarz chief executive officer. Company founder, Bernard Liautaud, continues as chairman of the board and assumes the new role of chief strategy officer, focusing on long term vision and strategy. Schwarz now leads the Business Objects executive team, and reports to the Board of Directors.

"As the company founder, I have a tremendous amount of pride in the company we have built in the last 15 years," said Bernard Liautaud, chairman of the board and chief strategy officer of Business Objects. "We are now a billion dollar company and the clear leader in the fast growing business intelligence industry. Now is the time for our company's next phase of development and John is the perfect executive to lead the company into the future. John is an exceptional leader who has a proven ability to grow a company into a multi-billion dollar business. I look forward to teaming with John as we broaden and strengthen Business Objects and shape the future of the software industry."

"I have the unique opportunity to join a company with leading market share and tremendous momentum," said John Schwarz, chief executive officer of Business Objects. "Throughout my career, I have participated in building high growth, global organizations in the software industry, and I look forward to bringing this experience to Business Objects. The culture of integrity, customer focus, innovation, and action at Business Objects are values I already embrace, and make this a natural fit. My goal is to build on the momentum Business Objects has established and to create one of the world's ten largest software companies."

Schwarz joins the company from Symantec Corporation, where he held the position of president and was responsible for leading the company's six lines of business, and ensuring that the company delivered products and solutions that bring value to its diverse customer base. While at Symantec, Schwarz played a key role in growing the business to more than triple in size from under one billion to more than 2.7 billion in revenue, and was instrumental in the recent successful combination of Symantec and VERITAS. Previously, he spent 25 years at IBM Corporation working in development, manufacturing, sales, and marketing. He was general manager of IBM's Industry Solutions unit, a worldwide organization focused on building business applications and related services for IBM's large industry customers.

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