Exa Appoints Richard Gilbody as Chief Financial Officer
BURLINGTON, Mass., May 29, 2014 (GLOBE NEWSWIRE) -- Exa® Corporation
(Nasdaq:EXA), a global innovator of fluid simulation solutions for product
engineering, announced today the appointment of Richard F. Gilbody as Chief
Financial Officer. Exa anticipates Mr. Gilbody will assume his position with
the Company on June 1, 2014. In this role, Mr. Gilbody will report to the
President and Chief Executive Officer, Stephen Remondi, and be part of Exa's
With over 30 years of finance and operations experience and 22 years focused
on the software and technology sectors, Mr. Gilbody brings broad and relevant
insight to the company. He comes to Exa from Agencyport Software, where he
held the positions of Chief Financial and Operating Officers and was a member
of its Board of Directors. Prior to that, he held senior finance and operating
executive positions at IBM, including Vice President of the Business Analytics
Division, and at Cognos Corporation, as President of Cognos Americas and
Senior Vice President of Finance and Operations.
"Richard brings deep experience with public companies in their growth stage,"
remarked Stephen Remondi, President and CEO of Exa. "We believe he has the
skills and leadership to help us execute our immediate and long term financial
goals. He is joining Exa at a pivotal point in our evolution as we continue to
expand our offerings and market reach."
"Exa's strategic deployment plans, notable global transportation industry
customers, and opportunities in new markets made this a clear choice for me,"
stated Richard Gilbody. "I look forward to this opportunity to work with a
talented team of people and assist a company poised for growth. I am energized
by the challenge and look forward to contributing to the Company's success."
Mr. Gilbody holds both a Bachelor of Science and a Masters in Business
Administration from Boston College.
About Exa Corporation
Exa Corporation develops, sells and supports simulation software and services
to enhance product performance, reduce product development costs and improve
the efficiency of design and engineering processes. Our simulation solutions
enable our customers to gain crucial insights about design performance early
in the design cycle, thus reducing the likelihood of expensive redesigns and
late-stage engineering changes. As a result, our customers realize significant
cost savings and fundamental improvements in their engineering development
process. Our products include, PowerFLOW^®, PowerDELTA^®with PowerCLAY^®,
PowerVIZ^®, PowerSPECTRUM^®, PowerACOUSTICS^®, PowerINSIGHT^®, PowerCOOL^® and
PowerTHERM^® along with professional engineering consulting services. A
partial customer list includes: BMW, Ford, Hyundai, Jaguar Land Rover,
Kenworth, MAN, Nissan, Peterbilt, Renault, Scania, Toyota, Volkswagen, and
Founded in 1991, the company is headquartered at 55 Network Drive, Burlington,
MA, USA 01803. Tel: 1.781.564.0200; Fax: 1.781.564.0299; Email: email@example.com;
URL: www.exa.com; NASDAQ:EXA
For more information about Exa Corporation or images please contact:
Michelle Murray-Ross, Exa Corporation, 1.781.564.0251; firstname.lastname@example.org
Exa, PowerFLOW, PowerCLAY, PowerTHERM, PowerCOOL, PowerSPECTRUM, PowerDELTA,
PowerVIZ, PowerACOUSTICS and PowerINSIGHT are registered trademarks of Exa
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