Novell Board of Directors Names John Young Chairman and Joe Marengi as President, to Replace Bob FrankenbergOREM, Utah -- August 29, 1996 -- The Board of Directors of Novell, Inc. (NASDAQ:NOVL) today announced the resignation of Robert J. Frankenberg as chairman, president, and chief executive officer. John A. Young, a member of the Novell board of directors, and past president and chief executive officer of Hewlett-Packard Company, has been named chairman of the board. Joseph A. Marengi, formerly executive vice president, worldwide sales at Novell, has been named president. The board also announced that it has commenced a search for a new chief executive officer.
As chairman, Young, who is 64, will be actively involved in overseeing management of the company until the appointment of a new chief executive officer. Marengi, who is 43, will report to Young. Young was president and chief executive officer of Hewlett-Packard Company for fifteen years through 1992. He joined the Novell board of directors in January 1995. Young holds numerous industry leadership positions and is co-chairman of the President's Committee of Advisors on Science and Technology.
Marengi has been the lead sales executive at Novell since 1990, providing key leadership to build the company's multi-tiered channel of distribution, reseller and OEM partners worldwide. Worldwide sales continues to report to Marengi.
Frankenberg is leaving Novell after almost two and a half years. He joined Novell as president and chief executive officer in April, 1994 and was named chairman of the board of directors in August of that year. He presided over Novell during a period marked by the acquisition and then sale of WordPerfect, and the refocus of the company to its position of leadership in network software.
Founded in 1983, Novell (NASDAQ: NOVL) is the world's leading provider of network software. The company offers a wide range of network solutions for distributed network, Internet, intranet and small-business markets. Novell education and technical support programs are the most comprehensive in the network computing industry. Information about Novell's complete range of products and services can be accessed on the World Wide Web at http://www.novell.com/