DETROIT, Nov. 21, 2013 (GLOBE NEWSWIRE) -- Compuware Corporation (Nasdaq:CPWR), the technology performance company, today announced changes to its Board of Directors. Effective today:
- Jeffrey J. Clarke, Managing Partner at Augusta Columbia Capital, and Jennifer J. Raab, President of Hunter College, have been appointed to the company's Board of Directors.
- Glenda D. Price, Ph.D., and Ralph J. Szygenda have stepped down from the Board.
"The continued addition of new independent directors who bring fresh perspectives to our Board is an important element in our strategic transformation, including transitioning to high growth businesses, improving execution, significantly reducing our cost structure, separating Covisint to unlock the value of that business and returning capital to shareholders through an ongoing dividend," said Compuware President and CEO Bob Paul. "Jennifer and Jeff are exceptional leaders with proven track records of success in key disciplines, and we look forward to benefiting from their expertise as we continue to accelerate the execution of our strategic initiatives."Earlier this year, independent directors David Fubini and Lee Roberts were appointed to the Board. "I would like to thank Glenda and Ralph for their commitment to Compuware and many contributions in helping lead the company forward," said Compuware Chairman Gurminder Bedi. "Their extensive experience and skill were invaluable to our ongoing efforts to deliver enhanced value to our shareholders." Dr. Price, a visionary academic leader and administrator, joined the Board in 2002 and served on its Audit Committee. Mr. Szygenda, a technology industry veteran and former chief information officer at several large companies, including GM, joined the Board in 2009 and served on its Compensation Committee. Compuware Corporation Compuware Corporation, the technology performance company, provides software, experts and best practices to ensure technology works well and delivers value. Compuware solutions make the world's most important technologies perform at their best for leading organizations worldwide, including 46 of the top 50 Fortune 500 companies and 12 of the top 20 most visited U.S. web sites. Learn more at: http://www.compuware.com. Follow us on Twitter at http://twitter.com/compuware.
CONTACT: Compuware Press Contact Lisa Elkin, Vice President, Marketing and Communications 313-227-7345 For Sales and Marketing Information Compuware Corporation, One Campus Martius, Detroit, MI 48226, 800-521-9353, http://www.compuware.com