AspenTech Elects Robert Whelan Chairman, Stephen Jennings Resigns
MA, Jan 30, 2013 - The board of directors of Aspen Technology, Inc.
(NASDAQ:AZPN) today announced that Stephen M. Jennings has resigned from the
company’s board of directors. Mr. Jennings was originally elected to AspenTech’s
board in 2000, and served as chairman of the board since 2005.
Mark E. Fusco, president and CEO and a member of the AspenTech board said that
he is grateful to Steve Jennings for his many years of dedicated service to
AspenTech, His steady hand and global business experience have been significant
factors in AspenTech’s progress over the past several years. Their investors and
employees have benefited greatly from his many contributions and focus on
AspenTech, and Fusco wishes him well in his future endeavors.
AspenTech also announced that the board has elected Robert M. Whelan, Jr., as
chairman. Mr. Whelan was originally elected to the board of AspenTech in 2011
and also serves on the audit committee. Fusco said that they are pleased that
Bob Whelan has agreed to serve as chairman and are confident that his many years
of experience and insight will serve AspenTech well in the future.
AspenTech is a leading supplier of software that optimizes process
manufacturing - for energy, chemicals, engineering and construction, and other
industries that manufacture and produce products from a chemical process. With
integrated aspenONE solutions, process manufacturers can implement best
practices for optimizing their engineering, manufacturing and supply chain
operations. As a result, AspenTech customers are better able to increase
capacity, improve margins, reduce costs and become more energy efficient.
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