Selectica Announces The Appointment Of Three New Board Members
Selectica (NASDAQ:SLTC), a leading provider of contract lifecycle management and sales configuration solutions, today announced the appointment of Michael Brodsky, Michael Casey, and Michael Gullard to the Board of Directors, and the departure of board members James Arnold, Brenda Zawatski, and Jim Thanos, effective October 7, 2010. Alan Howe and Lloyd Sems will remain on the Selectica board.
“We are pleased to welcome these seasoned executives to our board at such a pivotal point in Selectica’s evolution,” said Alan B. Howe, Chairman of the Board at Selectica. “With a new management team aligned with our strategic direction, a sustainable cost structure in place, and recent litigation resolved, Selectica is now able to capitalize on these new board members’ wealth of experience in taking the company to the next stage and accelerating Selectica’s growth.”
Michael Brodsky brings more than 15 years of experience as an entrepreneur, manager, and investor in e-commerce, software, and online media businesses. Most recently, Mr. Brodsky served as Executive Chairman of Youbet.com, Inc. (NASDAQ:UBET). In June of 2010, Youbet completed its sale to Churchill Downs Incorporated, and Mr. Brodsky was elected to the Board of Directors of Churchill Downs (NASDAQ: CHDN). Prior to serving as Youbet's Executive Chairman, Mr. Brodsky served as the company's President and CEO. During his tenure at Youbet, Mr. Brodsky restructured the company and repositioned it as the largest independent e-commerce business in legal online wagering in the United States. Prior to joining Youbet, Mr. Brodsky managed New World Opportunity Partners, the public investment arm of the Chicago-based Pritzker family, where he was the firm’s Managing Partner. Mr. Brodsky also served as CFO of The Away Network, an online travel media company which owned and managed the sites, Away.com, OutsideOnline.com, and GORP.com. When The Away Network was acquired by Orbitz.com and Cendant Corporation, Mr. Brodsky became a Vice President of Finance in Cendant’s Travel Services Division.
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