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Computer industry

Novell Names Robert J. Frankenberg as New President and CEO

Strategic Insights

— 1 min read

Novell Inc. announced the appointment of veteran Hewlett-Packard executive Robert J. Frankenberg as its new president and chief executive officer, replacing the outgoing Raymond J. Noorda. Frankenberg, who has spent 25 years at H-P and played a key role in reviving its personal computer business, will join the Novell board and lead the company's emergence as an integrated software firm. Novell, facing a crucial period with its planned acquisition of WordPerfect Corp. and Borland International's spreadsheet business, sees Frankenberg's experience and skills as essential in driving growth and success.

Key Takeaways:

  • Robert J. Frankenberg, a 25-year veteran of Hewlett-Packard, has been named the new president and CEO of Novell Inc.
  • Frankenberg will succeed Raymond J. Noorda, who will remain chairman of the company, and join the Novell board.
  • Frankenberg's experience in software and information systems, particularly in reviving H-P's personal computer business, is seen as key to driving growth and success at Novell.
  • Novell's planned acquisition of WordPerfect Corp. and Borland International's spreadsheet business is a critical period for the company, particularly following the decline in Novell stock since the acquisition was announced last month.
  • Frankenberg has broad experience in managing growth businesses and has a reputation for choosing winning strategies and driving their successful execution.

Statistics:

  • 25 years: The amount of time Robert J. Frankenberg has spent at Hewlett-Packard.
  • 1.4 billion: The amount Novell is paying for WordPerfect Corp.
  • 145 million: The amount Novell is paying for Borland International's spreadsheet business.
  • 70: The age at which Raymond J. Noorda had pledged to retire.
  • 46: The age of Robert J. Frankenberg at the time of his appointment.
  • 6: The number of years Raymond J. Noorda has led Novell, building it into the leader in networking software.

Sources:

  • "Novell Names Robert J. Frankenberg as President, CEO", article, Provo, Utah, April 5 - No date mentioned.

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