VANCOUVER, British Columbia – August 8, 2002 – ActiveState Corp., the leader in open language-based software, services, and resources, announces the appointment of a new Chairman of the Board, Nick Bedford. Nick has over 20 years of experience working with UBS Warburg in Europe, Asia and North America. He has been involved with ActiveState as an investor for the past two years. Nick brings to ActiveState a strong background in international finance, with experience in sales, sales management, equity finance, and mergers and acquisitions. He has held senior positions at UBS Warburg including Head of German Equities based in Frankfurt responsible for sales and sales trading of all equity products, and for the merger of UBS Germany's equity business with SBC Warburg in Germany. Previously he was with UBS' Securities division in Zurich, Tokyo, and London. Nick holds a B.Sc (Hons) in Civil Engineering from King's College, London University.
ActiveState also announces that the founder, Dick Hardt, has decided to step down as CEO. Dick will continue to sit on the ActiveState Board and will be actively involved in advising the company. An executive recruitment firm has been engaged in the search for a new CEO.
"Dick Hardt's tenacity and vision have guided us in building a company that is the undisputed leader in open languages. His breadth of understanding of technical and business issues is an incredible asset that we will continue to draw upon as the company grows," said Steve Munford, ActiveState's President. "With these changes, we look forward to leveraging Nick Bedford's knowledge and insight of international finance, sales, and management, which will be instrumental in ActiveState's future expansion."