Siebel Names New CEO

Customer Inter@ction Solutions, May 2005

Siebel Systems, Inc., a provider of business applications software, has announced the appointment of industry technology veteran George T. Shaheen as the company's chief executive officer, effective immediately. Shaheen, a member of the Siebel Systems board of directors since 1995, succeeds J. Michael Lawrie. The board and Lawrie mutually agreed that he would resign the position.

Shaheen will continue to serve as a director of the company, with company chairman Thomas Wl. Siebel continuing to serve as chairman of the board.

Specializing in software that manages sales accounts, Siebel has recently seen declining times, due to a weak sales climate and increased pressure from rivals such as SAP AG and Salesforce.com. The company lowered the top-end of its first-quarter sales range by 13 percent to $300 million, a level unseen since 2000, from $345 million in late January.

www.siebel.com

Copyright Technology Marketing Corporation May 2005
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