Lotus Names Kapor Its Chairman and Chief

The Wall Street Journal

October 12, 1984

CAMBRIDGE, Mass. -- Lotus Development Corp. named Mitchell D. Kapor, its 33-year-old president, to the new positions of chairman and chief executive officer.

Jim P. Manzi, 32, succeeds Mr. Kapor as president. Mr. Manzi also was named to the new position of chief operating officer and was elected a director, expanding the board to five.

Mr. Kapor said the changes will "allow me to focus on Lotus's strategic and product development" while Mr. Manzi will be responsible for the company's daily activities.

Mr. Kapor is a founder of the software company.

Mr. Manzi had been vice president, marketing and sales, since joining Lotus in 1983. Most recently, he was a consultant with New York-based McKinsey & Co.

Copyright (c) 1984, Dow Jones & Co., Inc.