September 13, 2004
Richard H. Van Hoesen Named CFO of NetIQ
NetIQ Corp. (Nasdaq: NTIQ), a leading provider of Systems & Security Management and Web Analytics solutions, today announced that the previously announced retirement of James Barth as the company’s senior vice president and chief financial officer became effective as of September 11, 2004
SAN JOSE, Calif.
NetIQ Corp. (Nasdaq: NTIQ), a leading provider of Systems & Security Management and Web Analytics solutions, today announced that the previously announced retirement of James Barth as the company’s senior vice president and chief financial officer became effective as of September 11, 2004, and that Richard (Rick) Van Hoesen has been appointed senior vice president and chief financial officer.
“Jim has contributed enormously during his tenure as our chief financial officer,” said Chuck Boesenberg, chairman and CEO of NetIQ. “He was responsible for taking NetIQ public and building the financial, legal, administrative and operational organizations to support the company’s growth from $21.6 million in fiscal 1999 to more than $300 million last fiscal year. I wish him well.”
“Rick played a critical role in strengthening the company’s operational processes during the past eighteen months as our vice president Finance and led the effort to develop our business plan for fiscal 2005. He is the right person to lead the company’s financial management as we continue to focus on revenue growth and improving profitability,” continued Boesenberg.
Prior to joining NetIQ, Van Hoesen was Vice President and CFO at privately-held XACCT Technologies, and Chief Financial Officer at Micro Focus/Merant and Wall Data. In addition, he held senior management positions at Sun Microsystems and Teradata. Mr. Van Hoesen holds a Bachelor of Science degree in industrial engineering from Lehigh University and a Masters of Business Administration from the Wharton School of Finance, University of Pennsylvania.
NetIQ Corporation (Nasdaq: NTIQ) is a leading provider of Systems & Security Management and Web Analytics solutions. NetIQ delivers cross-platform solutions that enhance business performance resulting in higher returns on infrastructure and Web investments. NetIQ products are sold worldwide directly and through a network of authorized NetIQ partners and resellers. The company is headquartered in San Jose, Calif., with development and operational personnel in Houston, Texas; Portland, Ore; Raleigh, N.C.; Bellevue, Wash.; and Galway, Ireland. For more information, please visit the company's web site at www.netiq.com or call 1-888-323-6768.
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