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BW: Corel Announces Resignations Of Senior Managers

May 26, 2000, 02:03 (1 Talkback[s])

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"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."

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