CHORDIANT SOFTWARE PROMOTES PETER NORMAN
TO CHIEF FINANCIAL OFFICER
Has Over 25-Years of Leadership Experience and Deep
Expertise in Finance,
Accounting and Audit Functions
CUPERTINO, CA -- MARCH 8, 2006 - Chordiant Software, Inc.
(Nasdaq: CHRD), the leading provider of Customer Experience (CxTM) software and
services, today announced the promotion of Peter S. Norman to Vice President and
Chief Financial Officer, replacing George de Urioste, who is leaving to pursue
other opportunities.
"We are promoting Peter Norman because of his strong leadership experience and
deep expertise in finance, accounting and audit functions," Steven R.
Springsteel, Chordiant President and CEO, said. "Pete has been a key member of
the finance organization since August 2004, and has made significant
contributions to building a solid finance organization and overseeing the
management of internal and external audit functions." In his new role as Chief
Financial Officer, Mr. Norman will be responsible for Chordiant's accounting,
finance and reporting functions.
In making the announcement, Mr. Springsteel said "We wish George well in his
future endeavors and thank him for his efforts in guiding Chordiant's finance
team during 2005, which was a difficult time in the Company's history."
"I appreciate having the opportunity to guide Chordiant to improvements in
corporate governance," said George de Urioste. "My decision to depart is in
consideration of new opportunities outside of Chordiant. I wish all team members
the best," he added.
Mr. Norman holds a Bachelor of Science Degree, cum laude, from Humboldt State
University with a major in accounting. He is a Certified Public Accountant
(CPA), a member of the American Institute of Certified Public Accountants, and a
member of the California State Society of Certified Public Accountants.
Mr. Norman joined Chordiant in August 2004 as Director of Finance and was named
Vice President and Corporate Controller in March 2005. He played a key role in
guiding the Company through a challenging period in 2005. Prior to Chordiant, he
spent 12 years as a senior manager in the audit practice of KPMG Peat Marwick
LLP. He also served in senior financial and operational positions with several
private companies.
About Chordiant Software, Inc.
Chordiant solutions and services help major enterprises around the world deliver
the best possible customer experience. Unlike traditional business applications,
Chordiant Customer Experience (Cx) solutions blend insight with agile business
strategies and decisions to uniquely understand the customer's behavior. This
deeper understanding develops a lasting, one-to-one relationship that aligns the
most appropriate value proposition to each consumer. With Chordiant Cx
solutions, customer loyalty, operational productivity and profitability reach
unprecedented levels of return. For more information, visit Chordiant at
www.chordiant.com
Chordiant and the Chordiant logo are registered trademarks of
Chordiant Software, Inc. The Customer Experience Company and Cx are trademarks
of Chordiant Software, Inc. All other trademarks and registered trademarks are
the properties of their respective owners.
Chordiant Investor Relations Contact:
Steve Polcyn
Chordiant Software, Inc.
(408) 517-6282
steve.polcyn@chordiant.com