| The Board of Directors of Centra Software announced the appointment of Leon Navickas as the Company’s chief executive officer, effective immediately. Mr. Navickas, 49, who is Centra’s chairman of the Board of Directors, succeeds Paul R.Gudonis. The Board and Mr. Gudonis have mutually agreed that he resign his position. Mr. Gudonis has also resigned his position as a director of the Company.
Speaking on behalf of the Board of Directors, Douglas Ferguson, who is Chairman of the Board’s Nominating and Governance Committee said, “We are pleased that Leon has agreed to return to a management role at Centra. As founder of Centra and Chairman of the Board, he is intimately familiar with the Company’s customers, markets, products and management. It would be hard to imagine someone more qualified to lead Centra. The Board greatly appreciates Paul Gudonis’ contributions to the Company and we wish him the best.”
Commenting on today’s announcement, Leon Navickas said, “The market opportunity for solutions that integrate learning and training with critical business processes is significant. We have the elements it takes to win, including product leadership, deep domain expertise and a world-class customer services organization. I look forward to working closely with the entire senior management team and the Board as we focus on Centra’s core competencies and our goal of building a sustainably profitable company.”
Mr. Navickas founded Centra in 1995 with a vision to help businesses shift their communication-intensive, group-oriented work to the Internet using scalable, enterprise-class, real-time applications software. Following a successful career at Lotus where he gained first-hand experience with collaboration software, he led Centra as CEO for eight years from a venture funded start-up, through successful IPO, and into a market leadership position. In 2003, Mr. Navickas was recognized by the New England Business and Technology Association for executive leadership.
In 2002, he was named Computerworld Honors Laureate for contributions to technology advancement. In 2001, he received the prestigious Mass High Tech All-Star award. Currently, Mr. Navickas serves on the executive board of directors for the Massachusetts Software and Internet Council.
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