AspenTech CFO Mark Sullivan Retires

aspentech_logoBEDFORD, MA, May 1, 2015 – Aspen Technology, Inc., a leading provider of software and services to the process industries, announced the retirement of Mark Sullivan, the company’s executive vice president and chief financial officer, effective September 30, 2015. The company will conduct a formal search process for a new CFO. Mr. Sullivan remains CFO and will continue with the company through his retirement date to ensure a smooth transition process.

Antonio Pietri, president and chief executive officer, said, “Mark has been a valued and important part of the AspenTech management team during the past six years. He built a world-class financial organization, led the company through an important transition period, and contributed to the strong financial performance of our company. On behalf of the entire AspenTech team, I am grateful for the contributions Mark has made during his time with the company and wish him all the best in his retirement.”

Mark Sullivan, AspenTech’s executive vice president and chief financial officer, said, “I’m proud of all that AspenTech has accomplished in my time as CFO, including successfully transitioning our business model, significantly improving our capital structure and delivering strong growth and cash flow. I am confident AspenTech is well positioned to continue performing at a high level in the future.”

Sullivan has been with AspenTech since 2009 after spending more than 20 years in financial management and executive leadership roles.

About AspenTech

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. To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.

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