This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Saba Software Announces Leadership Transition

Saba (NASDAQ: SABA), the premier provider of people-centric enterprise solutions, today announced a leadership transition under which Bobby Yazdani and the Board have agreed he will step down as Chairman, CEO and Director, effective March 1, 2013.

In connection with the change in leadership, Shawn Farshchi, Saba’s Executive Vice President and Chief Operating Officer, has been named Interim Chief Executive Officer. Farshchi, a 30-year veteran of building high-technology companies, will also retain his responsibilities as COO. In addition, the Board of Directors has separated the roles of Chairman of the Board and CEO and appointed independent director Bill Russell to the position of non-executive Chairman.

“I am tremendously proud of the talented and dedicated team at Saba, which has helped create the leading set of people-centric enterprise solutions in the industry, and I’m honored to have had the opportunity to lead Saba on two different occasions since founding the Company many years ago,” said Bobby Yazdani. “The Board and I have agreed to bring in new leadership, and we share the view that Saba is very well positioned to pursue large growth opportunities. I believe the best years are still ahead for Saba and that the next generation of leadership will help deliver on that promise.”

“Bobby has been integral to the Company, having founded Saba over fifteen years ago and serving at differing times as Chairman, Chief Operating Officer and Chief Executive Officer,” said incoming non-executive Chairman Bill Russell. “The Board and I would like to thank Bobby for his countless contributions, his leadership, his vision and for the role he has played in managing the Company during a very critical time.”

“I appreciate the confidence the Board has placed in me during this pivotal time for the Company and look forward to working with the entire Saba community to continue providing our customers with the excellent products and services they have come to expect from us,” said Farshchi.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 -0.41%
FB $117.81 -0.21%
GOOG $701.43 0.82%
TSLA $211.53 -4.96%
YHOO $36.94 2.61%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs