Market Overview

Edmond Furlong to Resign as Exa's CFO, COO

Exa Corporation, (NASDAQ: EXA) today announced that Edmond Furlong will resign as the company's Chief Operating Officer and Chief Financial Officer. Consistent with his career experience and aspirations and also his wide range of responsibilities at Exa prior to its initial public offering, Mr. Furlong intends to pursue broader operating roles outside of Exa. Mr. Furlong will remain in his current role with the Company through March 31, 2014 to ensure a smooth transition. The Company will be initiating a formal search process to fill the position on a permanent basis.

"We are grateful for the many contributions Ed has made to Exa over his nearly 10 years with the company," said Stephen Remondi, President and Chief Executive Officer of Exa. "Ed has been instrumental in building a world-class finance organization, helping to support and drive our growth over the last decade, and it was under his leadership that we conducted our successful initial public offering in June of 2012. I am pleased that Ed has agreed to remain with the Company for the next few months to ensure a smooth transition, and we wish him all the best in his future endeavors."

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Posted-In: News Guidance Contracts Management Global

 

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