Epicor Software Board of Directors Appoints Chairman George Klaus
Company Provides Preliminary 2008 Fourth Quarter
IRVINE, Calif., (January 20, 2009) – Epicor Software Corporation (NASDAQ: EPIC), a
leading provider of enterprise business software solutions to the midmarket and Global 1000
companies, today announced that its Board of Directors has re-appointed George Klaus to the
role of Chairman, President and CEO of Epicor Software Corporation effective immediately.
Most recently, Klaus held the role of Executive Chairman for Epicor. Klaus succeeds Thomas F.
Kelly as the Company’s President and Chief Executive Officer.
With over 30 years of experience in the high technology industry, Klaus served as Chief
Executive Officer for Epicor Software Corporation from February 1996 to February 2008, adding
the title of Chairman of the Board in October 1996. During his tenure as Epicor’s CEO, Klaus
grew the Company’s revenue from approximately $30 million to half a billion dollars. “George
has a long history of restoring shareholder confidence in high technology companies through his
strong leadership, and focus on delivering consistent revenue growth and profitability,” stated
Robert Smith, the Company’s Nominating and Governance Committee chair and member of the
board. Speaking on behalf of the Epicor board of directors, Smith added, “George’s leadership
and vision were instrumental in delivering the success and industry leading growth that the
Company achieved immediately following the last technology recession in 2002. The board
unanimously believes that George is the ideal person to lead the Company at this time and we
are delighted that he has agreed to return as the Chairman, President and CEO of Epicor.”
With this decision, Tom Kelly, Epicor’s President and CEO will be leaving the Company
to pursue other interests. Kelly will also be stepping down from his position as a director on the
Epicor board of directors. “During one of the most difficult markets we have seen, Tom
Epicor CEO/President Appointment successfully stepped up to the significant challenges of integrating NSB Retail, re-aligning our services organization and launching Epicor 9,” stated Smith on behalf of the Epicor board of directors.
Added Klaus, “I cannot thank Tom enough for his dedication, commitment and
contribution to the Company and to the great relationship and mutual respect that I have for him
over the more than 10 years that we have worked together.”
Klaus also provided a preliminary view of the Company’s results for the 2008 fourth
quarter ended December 31, 2008, indicating that the Company will have non-GAAP revenues
in the range of $120 million to $125 million and non-GAAP earnings per share of $0.20 to $0.25.
The Company expects to report its fiscal fourth quarter and full-year financial results for
2008 on Wednesday, February 4, 2009 after the close of the market. The Company will host a
conference call for the investment community at 2:00 p.m. Pacific Time on February 4, 2009.
Full details regarding the earnings release and conference call, including dial in information, will
be published by the Company in a subsequent release.
Source: Epicor
