Market Overview

Scientific Learning Cuts Jobs; Expects Charge of $900K

Scientific Learning Corporation (Nasdaq: SCIL), a leading provider of technologies for accelerated learning, today announced Bob Bowen, Chairman of the Board, has been named Chief Executive Officer and Jane Freeman has been named Chief Financial Officer and Treasurer effective immediately. Mr. Bowen previously served as Chief Executive Officer from 2002 to 2008 and Ms. Freeman previously served as Chief Financial Officer and Treasurer from 2000 to 2008.

"I look forward to re-engaging in an active, day to day role at the Company as we continue the important transition to a SaaS business. I am also pleased to welcome back Jane Freeman, who served as my previous CFO at Scientific Learning. I believe that our history of working together will enable us to strategically move the Company forward," said Bob Bowen, Chairman and Chief Executive Officer. "I want to thank Andy Myers and Bob Feller for their contributions over the past years and the important roles they played in the business. I wish them both well in their next endeavors."

Posted-In: News Guidance

 

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