TIDMWAND

RNS Number : 6858H

WANdisco Plc

19 November 2018

19 November 2018

WANdisco plc

("WANdisco", the "Company" or the "Group")

Board change

WANdisco (LSE: WAND), the LiveData company, announces the appointment of Bob L. Corey as Senior Non--Executive Director and Vice Chairman with immediate effect.

Bob brings more than 30 years of executive and financial management experience in public and private software and hardware companies in Silicon Valley. Bob has deep corporate governance experience and has served on numerous Boards in Silicon Valley as Chairman of the Board, Chairman of the Audit Committee and as a member of Remuneration, Nomination and Governance committees.

Most recently, Bob served as Chief Financial Officer and Executive Vice President of Callidus Software until 2017. Callidus Software was subsequently acquired by SAP for a consideration of $2.4 billion in April 2018. He has also served as the Chief Financial Officer of FrontRange Solutions USA Inc., an enterprise software company. Prior to FrontRange, he was a member of the Board of Directors at Extreme Networks, Inc., an Ethernet solutions company ultimately serving as Interim Chief Executive Officer, and Executive Vice President and Chief Financial Officer.

Bob sat on the board and chaired the audit committee for Apigee Corporation until November 2016 when it was acquired by Google for $625 million. Bob has served as a member of the Board of Directors for Apigee Corporation, Amberpoint, Extreme Networks, Interwoven, Live Ops and Veraz Networks.

David Richards, Chief Executive Officer and Chairman, commented:

"I am delighted to welcome Bob to the Board. He brings with him a wealth of relevant cloud and financial experience which will be of great value as the structure of our revenue base evolves and we continue our move toward more predictable, annual recurring cloud revenues."

"Bob brings more than 30 years of sector experience and his appointment reflects the global ambitions of the Group as we deepen our relationships with strategic partners to address the expanding demand for live data across cloud applications."

Bob Corey, Senior Non-Executive Director and Vice Chairman, commented:

"I'm joining the team at an exciting time and look forward to drawing on my experience to help WANdisco become a global SaaS provider."

Board composition

Following this appointment, the composition of the WANdisco plc Board is as follows:

 
 Non-Executive Directors: 
   Bob L. Corey               Senior Non--Executive Director, Vice Chairman; 
                               Audit Committee Chair 
   Karl Monaghan              Non-Executive Director, Remuneration Committee 
                               Chair 
   Grant Dollens              Non-Executive Director 
 
   Executive Directors: 
   David Richards             Chief Executive Officer, Chairman, President, 
                               Nomination Committee Chair 
   Erik Miller                Chief Financial Officer 
   Dr. Yeturu Aahlad          Chief Scientist

For further information please contact:

 
 WANdisco plc                                        via FTI Consulting 
  David Richards, Chief Executive Officer and 
  Chairman 
  Erik Miller, Chief Financial Officer 
 
 FTI Consulting 
  Matt Dixon / Harry Staight / Chris Birt / Kwaku    +44 (0)20 3727 
  Aning                                               1137 
 
 Stifel (Nomad and Joint Broker) 
  Fred Walsh / Neil Shah / Alex Price / Rajpal       +44 (0)20 7710 
  Padam                                               7600 
 
 Peel Hunt (Joint Broker)                            +44 (0)20 7418 
  Edward Knight / Nick Prowting                       8900 
 
 WH Ireland Limited (Joint Broker)                   +44 (0)20 7220 
  Adam Pollock / Tim Feather                          1666

Directorships

Bob Corey currently holds the following directorships:

None

Bob Corey has held the following directorships in the last 5 years:

Apigee Corporation

Live Ops

There are no further details regarding the appointment of Bob L. Corey that require disclosure under the AIM Rules.

About WANdisco

WANdisco is shaping the future of data infrastructure with its groundbreaking Live Data platform, enabling companies to put all their data to work for the business - all the time, at any scale.

WANdisco makes data always available, always accurate, and always protected, delivering hyperscale economics to support exponential data growth with the same IT budget. With significant OEM relationships with IBM and Dell EMC and go-to-market partnerships with Amazon Web Services, Cisco, Microsoft Azure, Google Cloud, Hewlett Packard Enterprise, Oracle and other industry titans - as well as hundreds of customers among the Global 2000 - WANdisco is igniting a Live Data movement worldwide.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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