Business Objects announced that it has named John Schwarz chief executive officer. Company founder, Bernard Liautaud, continues as chairman of the board and assumes the new role of chief strategy officer, focusing on long term vision and strategy. Schwarz now leads the Business Objects executive team, and reports to the Board of Directors.
"As the company founder, I have a tremendous amount of pride in the company we have built in the last 15 years," said Bernard Liautaud, chairman of the board and chief strategy officer of Business Objects. "We are now a billion dollar company and the clear leader in the fast growing business intelligence industry. Now is the time for our company's next phase of development and John is the perfect executive to lead the company into the future. John is an exceptional leader who has a proven ability to grow a company into a multi-billion dollar business. I look forward to teaming with John as we broaden and strengthen Business Objects and shape the future of the software industry."
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