Tibco Software CFO Chris O'Meara resigns; Murray Rode appointed EVP

Source: Tibco Software

TIBCO Software Inc. (Nasdaq: TIBX), a leading business integration and process management software company that enables real-time business, today announced that after eight years with TIBCO, Christopher G. O'Meara is stepping down as executive vice president and chief financial officer.

"During Chris's tenure, TIBCO was one of the first technology companies to comply with section 404 of the Sarbanes-Oxley Act of 2002 and has been known to always act with the highest degree of financial integrity," said Vivek Ranadive, TIBCO's chairman, on behalf of the board. "Chris O'Meara has served TIBCO well and we greatly appreciate his professionalism and diligent services to the company."

Murray D. Rode, who currently serves as TIBCO's executive vice president, strategic operations, will assume the post of chief financial officer, effective immediately, while continuing with his current duties.

Mr. Ranadive added, "Murray is a seasoned executive who currently plays a key role in the management of the company and the development of its vision and strategy. He has a proven track record and an in-depth understanding of our business and its operations, and will bring a strong operational focus to the CFO role."

Mr. Ranadive continued, "I expect this to be a smooth transition and we will continue TIBCO's practice of prudent financial management. Our business remains sound, our outlook for Q4 remains unchanged at this time and we have a very strong accounting and finance team. This change will allow even tighter linkages between our financial goals and our overall strategy and its implementation."

Mr. Rode has been with TIBCO (and its predecessor company) for over 10 years. Prior to his newly-expanded role, he served as executive vice president, strategic operations, responsible for general operations coordination, overall expense management, corporate strategy, budget planning, and mergers and acquisitions. Prior to joining TIBCO, Mr. Rode was a management consultant with a major international consulting firm. Mr. Rode holds a B.A. degree from the University of Alberta, Canada.

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