Steven R. Springsteel was appointed Chairman of Chordiant Software, Inc. (Nasdaq: CHRD) effective November 30, 2006. He joined Chordiant as President and Chief Executive officer February 1, 2006. Mr. Springsteel brings more than 20 years of experience in operational and financial management to his position. His accomplishments include the management of two successful IPO's and multiple mergers and acquisitions. Mr. Springsteel also has extensive experience in raising equity and debt funding totaling over $300 million in the public and private marketplaces, as well as formulating and implementing complex business strategies. He has a demonstrated record of recruiting and building strong organizations.
His most recent experience was at Verity (Nasdaq: VRTY), where he served as president and chief financial officer. At Verity, he grew a profitable business through five acquisitions and ultimately guided the sale of the company for a 72% premium in an all-cash transaction to Autonomy Corporation. He joined Verity in 2003 from Sagent Technology (SGNT), an enterprise business intelligence software company, where he served from 2001 to 2003 as chief operating officer (COO) and CFO.
Mr. Springsteel's background includes serving from 1996 to 2000 as executive vice president and chief financial officer of Chordiant Software through its initial public offering in February 2000. He has been a member of Chordiant's Board of Directors since 2004 and has chaired both its Audit and Compensation Committees during his tenure as an independent board member.
Mr. Springsteel has been a member of the board of directors of three public companies and has headed both audit and compensation committees of those public company boards.
A frequent speaker on financial issues, Mr. Springsteel has appeared on CNBC and other business media outlets as well as at financial industry conferences.
Mr. Springsteel holds a bachelor's degree in business administration from Cleveland State University.
David R. Springett, Ph.D. has been a director on the Chordiant board since January 2000. Dr. Springett has served as president of the Community College Foundation, an educational foundation, since February 1994. Dr. Springett is recognized as a leader in promoting educational technology, creating the Technology in Education International Conference and Exposition, an annual event attracting thousands of educators from around the world. He also established the CEO Institute, a bi-coastal annual event for education leaders to meet and discuss technology issues. He is a board member of the California Vehicle Foundation and the California State Commission on Welfare Reform and Training. Dr. Springett received his Bachelor of Science degree in Mechanical Engineering from the University of Toronto and his Doctorate in Engineering from Queens University in Canada.
Dan Gaudreau joined the Chordiant board by invitation in February 2008. Mr. Gaudreau is currently Senior Vice President of Finance and Operations and Chief Financial Officer at Actuate Corporation, the leading enterprise reporting and performance management applications company. He has over thirty-five years of financial experience in various high tech companies and markets. Before joining Actuate, Mr. Gaudreau served as Vice President Finance and CFO at Plantronics, Inc., where he helped the company achieve record earnings in the two fiscal years following the firm's IPO. Prior to Plantronics, Mr. Gaudreau was Vice President, Finance and Operations and CFO at Ready Systems, where he helped guide the company through a large private equity placement. Prior to Ready Systems he was a finance executive at Apple Computer. Mr. Gaudreau holds a Bachelor of Science in Industrial Management from Clarkson University, Potsdam, New York.
Charles Hoffman joined the Chordiant board by invitation in January 2005. Recently retired, Mr. Hoffman was formerly the President and Chief Executive Officer of Covad Communications. Subsequent to joining Covad in 2001, Mr. Hoffman successfully transformed the company into a leading nationwide provider of broadband voice and data communications. Prior to joining Covad, Mr. Hoffman was President and Chief Executive Officer of Rogers AT&T, Canada's largest, national wireless service provider. Under his leadership, the company grew from fourth to first place in a market of four national wireless providers. He also successfully negotiated the sale of one-third interest in this publicly traded company (NYSE and TSE) to a partnership of AT&T and British Telecom. Before Rogers, Mr. Hoffman served as President, Northeast region, for Sprint PCS. He was responsible for operations in the largest region in the U.S. and successfully launched PCS wireless service in nine markets. Mr. Hoffman also spent 16 years at SBC Communications in various senior management positions, including Director General of Telcel, the national wireless carrier in Mexico.
William Raduchel, Ph.D., has been a director of Chordiant since February 2003, and previously served as a director of Chordiant between August 1998 and May 2001. He provides strategic advice and consulting to a number of companies, including America Online, Myriad International, Silicon Images and Wild Tangent. Through 2002 he was executive vice president and chief technology officer of AOL Time Warner, Inc., after earlier being senior vice president and chief technology officer of AOL. Mr. Raduchel joined AOL in September 1999 from Sun Microsystems, Inc. where he was chief strategy officer and a member of its executive committee. In his eleven years at Sun, he also served as chief information officer, chief financial officer, acting vice president of human resources and vice president of corporate planning and development. In addition, he has held senior executive roles at Xerox Corporation and McGraw-Hill, Inc. He is a member of the National Advisory Board for the Salvation Army, the National Academy Committee on Internet Navigation and Domain Name Services and the Board on Science, Technology and Economic Policy of the National Academy of Sciences. After attending Michigan Technological University, he was awarded an honorary doctorate in business in 2002. Raduchel received a B.A. in economics from Michigan State University and earned A.M. and Ph.D. degrees in economics at Harvard.
Richard G. Stevens was elected to the Board of Directors of Chordiant in March 2006. Mr. Stevens was also named chair of the Audit Committee.
Mr. Stevens is the founder and managing director of Hunter Stevens, a professional services firm comprised of financial experts, industry specialists and technical staff, including former big-four partners, corporate executives and regulatory officials. Prior to forming Hunter Stevens in 1995, he served as a partner with Ernst & Young and Coopers & Lybrand and held executive positions at other business organizations. During his tenure with Coopers & Lybrand in New York, Mr. Stevens provide advice and technical support to the firm's approximate 100 domestic practice offices concerning accounting, auditing and SEC matters. He was also a contributing author of Montgomery's Auditing "10th Edition", one of the principal reference books used in the accounting profession.Mr. Stevens served as the chairman of the Audit Committee of Verity, Inc., a leading provider of business search and process management software, which was recently acquired by Autonomy Corporation. He has also served as chairman of the Audit Committee of Pain Therapeutics, Inc., a bio-science company in South San Francisco.He received his Bachelor of Science Degree with honors from the University of San Francisco and has attended post-graduate studies at the Stanford Law School and Stanford's Graduate School of Business. Mr. Stevens is a licensed Certified Public Accountant (CPA) in the State of California and a Certified Fraud Examiner.
Allen Swann joined the Chordiant board by invitation in February 2008. Mr. Swann is currently Head of Strategy and former Interim CEO for the Healthcare Division of Manpower Software plc, a world leader in workforce planning. Mr. Swann was formerly President of International Operations at Chordiant, following the merger of Chordiant Software and Prime Response Ltd. in 2001, and was responsible for growing Chordiant sales outside North America delivering several multi-million dollar contract wins across Europe. From 2003 to 2004 he served as President of Worldwide Sales at Chordiant. Since July 2005 Allen has served as a Non-Executive Director on the Board of Solid Information Technology, a privately-held Finnish/US software company, marketing high performance in-memory relational database solutions. Allen is also Chairman of CopperEye, a privately held UK/US software company that develops and markets software for the interrogation of large data structures for the rapid retrieval of individual records. Prior to Prime Response, Allen was a founding employee of Oracle UK, helping to establish Oracle UK's rapidly growing revenue stream. Mr. Swann holds a Bachelor of Science in Statistics from Salford University in the UK.
Contact the Board of Directors of Chordiant Software, Inc.
Security holders may communicate with Chordiant's Board of Directors, or an individual director, by writing or sending an email to the senior director of investor relations:
Chordiant Software, Inc.
20400 Stevens Creek Boulevard
Cupertino, CA 95014
Attention: Investor Relations
Email address: ir@chordiant.com
All communications must state the number of shares owned by the security holder. All communications will be reviewed by the Investor Relations Officer, as appropriate. All appropriate communications will be forwarded to the Board of Directors or, if applicable, the individual director. The Company’s Code of Business Conduct and Ethics prohibits any person from retaliating against an employee for any report made in good faith.
Communications are distributed to the Board, or to any individual directors as appropriate, depending on the facts and circumstances outlined in the communication. In that regard, the Chordiant Software, Inc. board of directors has requested that certain items which are unrelated to the duties and responsibilities of the board should be excluded, such as:
Product complaints
Product inquiries
New product suggestions
Resumes and other forms of job inquiries
Surveys
Business solicitations or advertisements
In addition, material that is unduly hostile, threatening, illegal or similarly unsuitable will be excluded, with the provision that any communication that is filtered out must be made available to any non-management director upon request.
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