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Progress Announces Appointment of Kurt J. Abkemeier as Chief Financial OfficerProgress (NASDAQ: PRGS) today announced the appointment of Kurt J. Abkemeier as its new chief financial officer. As CFO, Abkemeier will oversee the company's global finance and accounting operations and be a member of the company's executive leadership team, reporting to Phil Pead, president and chief executive officer. Abkemeier succeeds Chris E. Perkins, who informed the company in March 2016 that he would retire as CFO upon the appointment of his successor. Abkemeier begins as CFO at Progress on September 28, 2016. "We are delighted with the appointment of Kurt Abkemeier after a search process that considered a very strong field of candidates," said Pead. "Kurt is an accomplished executive with significant financial and operational expertise, including as a CFO, and will be an exceptional addition to our team. Kurt has broad experience serving in global, technology-driven companies and his depth of financial and operational experience will be invaluable in helping us achieve our strategic business objectives." Pead added, "all of us at Progress thank Chris Perkins for his leadership in helping to guide Progress during a period of significant change at our company and we wish him well in his retirement."
"It is a tremendous opportunity to join Progress at such an exciting time," said Abkemeier. "I'm looking forward to helping Progress succeed in the next phases of its strategic transformation." Progress Software (News - Alert) Corporation Progress (NASDAQ: PRGS) is a global leader in application development, empowering the digital transformation organizations need to create and sustain engaging user experiences in today's evolving marketplace. With offerings spanning web, mobile and data for on-premise and cloud environments, Progress powers startups and industry titans worldwide, promoting success one customer at a time. Learn about Progress at www.progress.com or 1-781-280-4000. Progress is a trademark or registered trademarks of Progress Software Corporation or one of its subsidiaries or affiliates in the U.S. and other countries. Any other trademarks contained herein are the property of their respective owners. View source version on businesswire.com: http://www.businesswire.com/news/home/20160928006297/en/ |