Marimba, Inc., a leading provider of systems management solutions built for
e-business, announced that effective today its board of directors has
appointed Rich Wyckoff as the company's new president and chief executive
officer, succeeding John Olsen. Mr. Wyckoff will also join Marimba's board
of directors. Mr. Olsen has resigned as president and CEO and as a director
of Marimba to pursue other interests.
Mr. Wyckoff, 41, is a veteran software and services executive with nearly 20
years of experience in high technology. He has served as Marimba's senior
vice president of marketing since joining the company in September 2000.
Before joining Marimba, Mr. Wyckoff was senior vice president of marketing
at Zland, Inc. Prior to that, Mr. Wyckoff served simultaneously as vice
president of corporate marketing and as a vice president of product
marketing at Cadence Design Systems, Inc.
Before joining Cadence, he founded and ran a successful high-technology
brand-building firm and has also held marketing management positions at
nCube and Sun Microsystems. Mr. Wyckoff holds a B.A. in Communications and
an M.A. in Mass Media from University of California, Santa Barbara.
"Rich has the management experience and proven leadership abilities that are
essential to enabling the company to realise its long-term potential," said
Ray Lane, a member of Marimba's board of directors. "Rich has done a great
job driving the repositioning of Marimba's business and product strategy,
and has the skills and market vision to take Marimba to the next level."
"Over the past year we have strengthened our business operations, enhanced
our product lines, and solidified our management team to position us well
for the second half of this year and beyond," said Wyckoff. "I'm excited
about Marimba's prospects and look forward to leading the company to new
heights by capitalising on our substantial opportunity in the expanding
systems management market."
"Rich and John have been working closely together to help Marimba achieve
its objectives, and we anticipate a smooth and rapid leadership transition,"
said Kim Polese, chairman of Marimba. "With Rich's broad industry experience
and proven leadership at Marimba, the company is well positioned to reach
In a separate press release issued today, Marimba also announced preliminary
quarterly results. See news release dated 9 July 2001, "Marimba Announces
Preliminary Second-Quarter Financial Results."
Headquartered in Mountain View, Calif., Marimba, Inc. (Nasdaq: MRBA)
provides systems management solutions built for e-business. From change
management to performance management software, Marimba's extensive Internet
expertise allows Global 2000 companies to better manage their resources,
increase efficiency and reduce costs. For more information, please call +44
118 949 7060, or visit our web site at http://www.marimba.com.
This press release contains forward-looking information within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the safe harbors created
by these sections. These forward-looking statements concern, among other
things, the abilities and market vision of the Marimba executives mentioned
above, a smooth and rapid leadership transition, Marimba's business
prospects and ability to capitalise on the systems management market
opportunity, and the expansion of the systems management market. Those
results are subject to a number of risks and uncertainties, including
without limitation, the performance of the Marimba executive mentioned
above, the development, marketing, sales, support and hiring challenges that
Marimba is likely to face, and factors influencing the growth of the systems
management market. Actual results may differ materially due to these and
other factors. Actual results may differ materially due to these and other
factors. The matters discussed in this press release also involve risks and
uncertainties described from time to time in Marimba's filings with the
Securities and Exchange Commission (SEC). In particular, see the Risk
Factors described in Marimba's most recently filed Annual Report on Form
10-K and Quarterly Report on Form 10-Q, each as submitted to the SEC and as
may be updated and amended with future filings or submissions. Marimba
undertakes no obligation to release publicly any updates or revisions to any
forward-looking statements contained in this press release that may reflect
events or circumstances occurring after the date of this press release.
Marimba is a registered trademark, of Marimba, Inc. in the U.S. and/or
certain other countries. Other product, trademark, company or service names
mentioned herein are the property of their respective owners.
Direct: +44 (0)20 8600 4659
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