Blackbaud, Inc. (Nasdaq: BLKB), the leading provider of software and related services designed for nonprofit organizations, today announced that Anthony Boor, senior vice president and chief financial officer of Blackbaud, has been named interim president and chief executive officer until a permanent CEO is appointed. The appointment is effective August 31, 2013. Mr. Boor will also maintain his responsibilities as CFO.
Andrew Leitch, chairman of the Blackbaud Board of Directors, commented, “As we develop our plans for 2014 and beyond, now is the right time to name Tony as Blackbaud’s president and CEO on an interim basis. The company is executing well and Tony has a deep understanding of our business, product portfolio and strategic priorities. He has helped set the overall strategy for the company, and under his leadership we have delivered solid financial results, enhanced operational efficiencies and positioned the company for improved long-term revenue growth. We are confident that Tony is the ideal candidate to continue Blackbaud’s positive momentum during this transition period.”
Mr. Leitch added, “We remain focused on completing our search for our permanent CEO. We are pleased with the high quality of candidates being considered for the role and will continue to work diligently on this effort. Having a proven leader of Tony’s caliber to step into the role of interim president and CEO allows us the time required to identify the best candidate to lead Blackbaud’s next phase of growth.”
Mr. Leitch concluded, “On behalf of the Board and everyone at Blackbaud, I am appreciative of Marc Chardon’s outstanding leadership and contributions over the last seven years and his efforts to ensure the leadership succession at Blackbaud is successful. We wish him well in his future endeavors.”About Anthony BoorMr. Boor, age 50, joined the Company as senior vice president and chief financial officer in November 2011. During his time at Blackbaud, he has delivered significant back-office improvements, drove the execution of the Convio acquisition and led the effort resulting in the gains in EBIT margins for the combined company. Prior to joining the Company, he served as an executive with Brightpoint, Inc. beginning in 1999, most recently as its executive vice president, chief financial officer and treasurer. He also served as the interim president of Europe, Middle East and Africa during Brightpoint’s restructuring of that region. Mr. Boor served as director of Business Operations for Brightpoint North America from August 1998 to July 1999. Prior to joining Brightpoint, Mr. Boor was employed in various financial positions with Macmillan Computer Publishing, Inc., Day Dream Publishing, Inc., Ernst & Young LLP, Expo New Mexico, KPMG LLP and Ernst & Whinney LLP. Mr. Boor is an active supporter of Make-A-Wish, where he has served on the board for the Indiana region and as a governance board member for the Ohio, Kentucky, and Indiana chapter. He holds a BS in Accounting from New Mexico State University. About BlackbaudServing the nonprofit and education sectors for 30 years, Blackbaud (NASDAQ: BLKB) combines technology and expertise to help organizations achieve their missions. Blackbaud works with more than 28,000 customers in over 60 countries that support higher education, healthcare, human services, arts and culture, faith, the environment, independent K-12 education, animal welfare and other charitable causes. The company offers a full spectrum of cloud-based and on-premise software solutions and related services for organizations of all sizes including: fundraising, eMarketing, advocacy, constituent relationship management (CRM), financial management, payment services, analytics and vertical-specific solutions. Using Blackbaud technology, these organizations raise more than $100 billion each year. Recognized as a top company by Forbes, InformationWeek, and Software Magazine and honored by Best Places to Work, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, the Netherlands and the United Kingdom. For more information, visit www.blackbaud.com. Forward-Looking StatementsThis news release contains forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding our CEO search, our fiscal planning process and our prospects. These statements involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: the ability to attract and retain key personnel; management of integration of acquired companies and other risks associated with acquisitions; general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; risks associated with successful implementation of multiple integrated software products; risks related to our leverage, dividend policy and share repurchase program, including potential limitations on our ability to grow and the possibility that we might discontinue payment of dividends; risks relating to restrictions imposed by the credit facility; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organizations; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud's investor relations department. Blackbaud assumes no obligation and does not intend to update these forward-looking statements, except as required by law. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.
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