January 28, 2002
NetIQ Names Charles M. Boesenberg President and Chief Executive Officer
Ching-Fa Hwang to Serve as Chairman
SAN JOSE, Calif.
NetIQ Corp. (Nasdaq: NTIQ), a leading provider of e-business infrastructure management and intelligence solutions, today announced that it has named Charles (Chuck) M. Boesenberg, president and chief executive officer. Ching-Fa Hwang, who is the co-founder and has served as the president and CEO of NetIQ since 1995, will be retiring from the day-to-day operations of the company and has taken the position of chairman of the board of directors. Hwang will maintain an active role in the business. Boesenberg will also join the NetIQ board of directors.
A 30-year veteran in the technology industry, Boesenberg has held senior executive positions at IBM and Apple and has served as president and CEO of Central Point Software, Magellan and Integrated Systems. As president and CEO of Integrated Systems, he led the integration of multiple acquisitions, and forged strategic partnerships resulting in the company's ability to deliver one of the broadest base of solutions in the embedded systems software market, and returned the company to revenue growth and strong profitability. Boesenberg also serves on the board of Symantec Corporation.
"Chuck brings to NetIQ an extraordinary ability to conceptualize and champion clear business strategies while staying focused on achieving operational results," said Ching-Fa Hwang, president and CEO at NetIQ. "He has an exceptional track record of accelerating growth in technology businesses and building organizations that distinguish themselves in tough, competitive environments. I am confident that his leadership will provide our company with the vision and ability to continue to expand our position as a market leader."
"I have watched as NetIQ has established a leadership position in the infrastructure management and web analytics markets," said Boesenberg. "I admire the company's accomplishments and am eager to join this impressive management team."
A conference call featuring Hwang and Boesenberg will be held today, January 29 at 8:00 a.m. Pacific Time, 11:00 a.m. Eastern Time, to discuss this announcement. The toll-free dial-in numbers are: 1-800-857-3796 and 1-312-470-0132 (outside the U.S.) A replay will be available through February 6, 2002 at 1-888-566-0495 and 1-402-998-0659 (outside the U.S.). The passcode for the live call and replay is "NetIQ".
An audio webcast of the call can be accessed from the company's website,http://www.netiq.com/About_NetIQ/Investor_Relations/InvestorConferenceCall.asp.
NetIQ Corporation (Nasdaq: NTIQ) is a leading provider of e-business infrastructure management and intelligence for all the components of an organization's e-business infrastructure—from back-end servers, networks and directories to front-end web servers and applications. The company is headquartered in San Jose, Calif., with development and operational personnel in Houston, Raleigh, N.C., Bellevue, Wash., and Portland, Ore. For more information, please visit NetIQ's Web site at www.netiq.comor call (408) 856-3000. For more information about WebTrends, the e-business intelligence product line from NetIQ, please visitwww.webtrends.com or call (888) WEBTRENDS.
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