Karmanos Retiring As Compuware CEO
DETROIT (WWJ) - The last of the three founders of Michigan's largest tech company, Compuware Corp., has left day-to-day management of the software and IT services giant. Peter Karmanos Jr. is moving to the position of executive chairman of the board.
The company said COO Bob Paul would move into the position of CEO, and Joseph Anglieri would join the company as president and COO.
Karmanos co-founded the company in 1973 with Thomas Thewes and Allen B. Cutting, providing professional technical services to computer users. Compuware introduced its first software product, Abend-Aid, in 1977. The product help computer users diagnose cases in which computer programs had come to an "abend" -- an abnormal end.
Among his many accomplishments, Karmanos grew Compuware to a worldwide expansion in the late 1980s, a successful IPO in 1992, and led the 2000-03 move of the company from suburban Farmington Hills to a spectacular new headquarters in downtown Detroit. The company's employment count peaked in 1999 at 15,000 due to work brought about by the Y2K computer bug. Today, the company employs about 4,300.
Click here for a complete biography of Karmanos.
"I look forward to collaborating with Bob, Joe and the rest of the Compuware executive management team and board of directors to create an unmatched period of growth for the company," Karmanos said in a statement. "In Bob and Joe, I'm confident that we have identified two senior leaders who will work with the rest of our talented team to benefit our customers, shareholders and
employees."
Paul joined the company in 2004 through its acquisition of Covisint. He has been president and COO since 2008. In that role, he has led the company's products and services operations, as well as a number of other key operational, strategy and marketing functions. As the company's top executive, Paul will build on his track record of delivering profitable growth by providing daily and strategic guidance for all Compuware operations.
"I'm honored by this opportunity to continue Pete's tradition of strong leadership, customer value and employee focus," said Paul. "I've learned a great deal from Pete as we've worked together to build on Compuware's best-in-world status." Click here
for a complete biography of Paul.
Joe Angileri joins Compuware from his role as Managing Partner of Deloitte's Michigan region. A 19-year partner at Deloitte, Angileri has more than 25 years experience providing strategic tax, financial advisory and corporate finance services to clients. In his new role at Compuware, he will assume responsibility for the finance, administration, legal and human resources functions. Over time, Angileri will expand his responsibilities over selected business units. Click here for a complete biography of Angileri.
Said Angileri : "Compuware is well-positioned for growth in booming markets in the years ahead, and I'm eager to work with employees across the company to realize that potential. This is a tremendous opportunity, and I can't wait to get started."
The changes will be effective Monday, June 20.
More at www.compuware.com.
