Compuware Corporation Announces Changes to Board of Directors
DETROIT, April 8, 2013 (GLOBE NEWSWIRE) -- Compuware Corporation
(Nasdaq:CPWR), the technology performance company, today announced several
changes to its Board of Directors.
*David Fubini, a senior director of McKinsey & Company, Inc., and Lee
Roberts, the former chief executive officer of FileNet, were appointed to
the company's Board of Directors, effective April 5, 2013.
*W. James Prowse has retired from the Board, effective March 31, 2013.
Prowse is retiring from the Board after many years of service to focus on
his role as chief financial officer of Covisint and that company's pending
initial public offering.
*Gurminder S. Bedi has assumed the position of Chairman of the Board,
effective April 1, 2013. Bedi replaces Peter Karmanos, Jr., who had
previously announced his intention to retire on March 31, 2013, the end of
the company's fiscal year.Karmanos cofounded Compuware in 1973 and had
been the Chairman of the Board since the company went public in 1992.
Bedi has served as one of Compuware's directors since October 2002. He
is a private investor and formerly served as a vice president of Ford
Motor Company during a 30-year career there. Bedi also serves on the board
of directors of KEMET Corporation and Actuant Corporation, serving on the
Governance and Compensation committees for both companies.
"It is an honor to succeed Peter as Compuware's Chairman," said Bedi. "He is a
true pioneer in the information technology industry, a brilliant entrepreneur,
and a savvy and talented business executive. It is humbling to know that I
will be succeeding a man who has had such a meaningful and lasting impact on
the high tech landscape over the last forty years. Pete built Compuware from
the ground up into one of the most important information technology companies
in the world and has positioned it well for future success by transitioning
the company into higher growth business sectors. I think I can speak for
everyone at Compuware by thanking him for all he has done for Compuware as
well as the City of Detroit. His civic and philanthropic contributions to the
community have left an indelible mark on the health and well-being of this
City. We wish him the best in his post-retirement endeavors. I also want to
thank Jim for his many years of service to the company, both as an executive
and as a member of the Board. He is a gifted strategist and his depth of
experience and strong financial skills have been instrumental over the years
in helping build the company. We wish Jim well in helping guide Covisint's
"Additionally, I would like to welcome David and Lee to our Board of
Directors. Both are highly qualified individuals with a wealth of knowledge
and experience in key areas that will greatly benefit the company and its
shareholders. We are extremely pleased and fortunate to add them to our team.
With such strong leadership and managerial expertise in place, I look forward
to helping lead Compuware into its next phase of success with a strong Board
and management team. Together, we are intently focused on maximizing the
substantial value of this company."
Fubini is completing his third decade as a senior director of McKinsey &
Company, Inc. from which he will retire at year end. David is the past leader
of McKinsey's New England operations.He is a former leader of McKinsey's
North American Organization Practice and the founder and leader of the firm's
Worldwide Merger Integration Practice. He has led McKinsey's efforts for
nearly a dozen of the world's 25 largest transactions and has experience with
a wide array of mergers and acquisitions. He has also participated in a wide
cross section of McKinsey's governance forums and committees.
Roberts is a seasoned software executive with more than 30 years of experience
in the technology industry. He was the former chief executive officerand
chairman of FileNet, the market leader in content and business process
management, where he oversaw the growth of the company and its subsequent sale
to IBM. Roberts began his career at IBM and rose through the ranks to hold
executivepositions in marketing, sales, and IBM's global PC, networking and
software businesses. In addition, he has significant corporate governance
experience, having served on a number of both public and private company
boards during the last 16 years. He is a financial expert and has served on
audit, compensation, M&A and strategic committees.
Compuware Corporation, the technology performance company, makes technology
make a difference by providing 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,
For Sales and Marketing Information
Compuware Corporation, One Campus Martius, Detroit, MI 48226,
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