“Corel Corporation’s (NASDAQ:CORL)(TSE:COR.) president and chief
executive officer Dr. Michael Cowpland announced today that he has
reluctantly accepted notices of resignation from Sandra Gibson,
executive vice-president, corporate services, and Eric Smith,
vice-president, general counsel and secretary.”
“Both Sandra and Eric have been valuable members of Corel’s
senior management team. Their contributions over the years have
helped to build a strong foundation for the company,” said Dr.
Cowpland. “Their dedication and commitment have been felt
throughout the company and we wish them both future success.”
“Although Corel is currently in a quiet period prior to the
release of its fiscal 2000 second quarter results, scheduled
the week of June 19, the company wishes to state that the
departures of Ms. Gibson and Mr. Smith are not related to any
performance or financial-related issues. Ms. Gibson originally
gave her notice in April 2000 and agreed to remain at Corel to
assist in the preparation of a cost-savings plan that will align
the company for future growth.”