Microsoft Announces Increase in Quarterly Dividend; Gilmartin to Retire From Microsoft Board of Directors

Press release:

Microsoft Announces Increase in Quarterly Dividend; Gilmartin to Retire From Microsoft Board of Directors

Sept. 18, 2012

Dividend of $0.23 per share payable in December

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REDMOND, Wash. — Sept. 18, 2012 — Microsoft Corp. today announced that its board of directors declared a quarterly dividend of $0.23 per share, reflecting a 3 cent or 15 percent increase over the previous quarter’s dividend. The dividend is payable December 13, 2012 to shareholders of record on November 15, 2012. The ex-dividend date will be November 13, 2012. 

The company also announced that Raymond V. Gilmartin, former chairman, president and chief executive officer of Merck & Co., Inc., has decided that after 11 years of service, he will retire from and not seek re-election to Microsoft’s board of directors at the company’s 2012 annual meeting of shareholders.

Gilmartin, 71, who joined the Microsoft board in 2001, is reducing his professional commitments to free up more personal time. “It’s been a real pleasure to work with Microsoft during a transformative period for the company, and see first-hand the vision and dedication that are reshaping Microsoft’s future and the future of the industry,” Gilmartin said.

“Ray has been a strong and insightful member of the board. We appreciate his many contributions over the past eleven years,” said Steve Ballmer, Microsoft’s chief executive officer. 

With Gilmartin’s departure, the Microsoft board will have ten members: Bill Gates, Microsoft chairman; Steve Ballmer; Dina Dublon, former chief financial officer of JPMorgan Chase; Reed Hastings, founder, chairman and CEO of Netflix Inc.; Maria M. Klawe, president, Harvey Mudd College; Stephen J. Luczo, chairman, president and CEO of Seagate Technology PLC; David F. Marquardt, general partner at August Capital; Charles H. Noski, former vice chairman of Bank of America Corp.; Dr. Helmut G. W. Panke, former chairman of the board of management at BMW AG; and John W. Thompson, CEO of Virtual Instruments.

Founded in 1975, Microsoft (NASDAQ “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

For more information, financial analysts and investors only: 

Investor Relations, Microsoft, (425) 706-4400

Press release:

Alex Pinchev Joins BMC Software Board of Directors

HOUSTON, Sept. 17, 2012– BMC Software (NASDAQ: BMC) has named Alex Pinchev to its board of directors, effective immediately.

 

Mr. Pinchev brings over 25 years of senior executive experience in the software industry to the BMC Software board of directors. Currently, he is president and chief executive officer of Acronis, a leading provider of data protection and disaster recovery software.

 

Prior to joining Acronis in January 2012, Mr. Pinchev was president of global sales, services and field marketing at Red Hat. During his career, Mr. Pinchev has held numerous senior executive roles within a range of technology companies – including MRO Software, Interchip and MainControl Inc where he was chairman, CEO and founder.

 

"Alex Pinchev is an experienced and dynamic IT executive with a very successful track record as a global sales leader,” said Bob Beauchamp, BMC’s chairman and chief executive officer. "He also brings the insights gained from serving as CEO and senior executive for several IT companies. BMC’s board of directors welcomes Alex and looks forward to benefitting from his global experience and independent voice."

 

Mr. Pinchev said, “Today, organizations demand greater collaboration, and with the rise in mobile computing, end users are driving a dramatic reshaping of enterprise IT. Data accessibility, availability and protection needs are introducing sweeping changes, ranging from ‘bring your own device’ in the workplace to the rapid virtualization of IT infrastructure and adoption of Cloud strategies.”

 

“BMC Software is at the center of this IT revolution and is doing more than any other company to help IT organizations transform to meet these new expectations,” Mr. Pinchev continued. “I am very excited to join the BMC board of directors, and I look forward to helping drive the company’s future direction and success.”

 

Mr. Pinchev holds a master’s degree in applied mathematics and computer science from University ITMO in St. Petersburg in Russia.

Business Runs on IT. IT Runs on BMC Software.

Business runs better when IT runs at its best. That's why more than 20,000 IT organizations – from the Global 100 to the smallest businesses – in over 120 countries rely on BMC Software (NASDAQ: BMC) to manage their business services and applications across distributed, mainframe, virtual and cloud environments. With the leading Business Service Management platform, Cloud Management, and the industry’s broadest choice of IT management solutions, BMC helps customers cut costs, reduce risk and achieve business objectives. For the four fiscal quarters ended June 30, 2012, BMC revenue was approximately $2.2 billion.

Flextronics CFO and EVP Paul Read Elected to Ingram Micro Board of Directors

Press release from Ingram Micro:

Flextronics CFO and EVP Paul Read Elected to Ingram Micro Board of Directors

SANTA ANA, Calif., Aug. 28, 2012 /PRNewswire/ -- Ingram Micro Inc. (NYSE: IM), the world's largest technology distributor and supply-chain services provider, today announced that its board of directors elected Paul Read, chief financial officer and executive vice president for Flextronics, to serve as an independent director, and appointed him to serve as a member of the Audit and the Human Resources Committees, all effective Sept. 1, 2012. The election of Read increases the Ingram Micro board of directors from 10 to 11."We welcome Paul to the board," said Dale R. Laurance, chairman of the board, Ingram Micro Inc. "Ingram Micro will benefit from his many years of hands-on, executive level financial experience, as well as his valuable perspective on successfully operating a complex global organization. We look forward to Paul's contribution."Read, 46, has served as chief financial officer and executive vice president for Flextronics sinceJune 30, 2008. Previously he served as the company's executive vice president of Finance for Worldwide Operations. Flextronics is a $30 billion, industry-leading, Fortune Global 500 electronics manufacturing services provider with more than 200,000 employees and operations in 30 countries. Read's financial management and operations background includes increasingly important roles at Flextronics where he has led many critical initiatives that include serving as the lead executive responsible for the integration of the Solectron acquisition. Prior to joiningFlextronics in 1995, he held various senior financial positions in the United Kingdom with Allied Steel and Wire, STI Telecommunications and Associated British Foods.Read graduated from the University of Wales as a qualified Chartered Management Accountant. About Ingram Micro Inc. As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics, technical and financial support, managed and cloud-based services, and product aggregation and distribution. The company is the only global broad-based IT distributor, serving 145 countries on six continents with the world's most comprehensive portfolio of IT products and services. Visit www.ingrammicro.com.

Richard Laube to Resign from Logitech Board of Directors

Press Releases

Richard Laube to Resign from Logitech Board of Directors

"Mr. Laube has provided valuable counsel in business strategy, brand and marketing, and his contribution will have lasting impact."

NEWARK, Calif. & MORGES, Switzerland--(BUSINESS WIRE)--Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that Richard Laube will resign from Logitech’s board of directors to focus exclusively on his role as chief executive officer of Nobel Biocare Holding A.G. Mr. Laube, who has been a member of Logitech’s board of directors since 2008, will step down at the conclusion of the company’s Annual General Meeting on September 5, 2012 in Lausanne, Switzerland.

“We understand Richard Laube’s decision and wish to thank him for his service to Logitech,” said Guerrino De Luca, Logitech chairman and chief executive officer. “Mr. Laube has provided valuable counsel in business strategy, brand and marketing, and his contribution will have lasting impact.”

About Logitech

Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech’s combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).

Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s Web site at www.logitech.com.