MINNEAPOLIS, July 31 /PRNewswire-FirstCall/ CorVu(R) Corporation
(OTC Bulletin Board: CRVU), a leading provider of enterprise performance
management solutions, today announced that James L. Mandel has been elected to
serve as Chairman of the CorVu Board of Directors effective August 1, 2003.
Mr. Mandel will succeed John Bohn, CEO of GlobalNet Venture Partners, who
resigned effective July 31. The Company and Bohn agreed in early June to
restructure the GlobalNet-CorVu relationship and accept Bohn's resignation as
Board Chair on or before July 31. Restructuring arrangements were completed
Mr. Mandel has served on the Board of CorVu Corporation and its
predecessor since 1987. Since September 1998, he has been the Chief Executive
Officer and a Director of Vicom Inc. (Nasdaq: VICM), a full service
telecommunications company headquartered in Minneapolis. From January 1997 to
September 1998, he was Chairman of Call 4 Wireless LLC; and from January 1992
to February 1997, he served as a Vice President of Grand Casinos, Inc.
Last year, John Bohn became the first non-executive Chairman for CorVu.
"We appreciate the contributions made by Mr. Bohn to the Company during his
tenure," commented Justin MacIntosh, President, CEO of CorVu.
"Jim Mandel has been a tremendous asset to CorVu during his years of
service on our Board, and I am very pleased that he has agreed to step in to
the role of Chair. In his new capacity, he will be able to increase his
valuable contributions to the success of CorVu," continued MacIntosh.
"I am excited about the opportunity to serve CorVu as Chairman of the
Board," said Mandel. "I intend to use my knowledge of CorVu and its products,
as well as my experience as officer and director of public companies, to drive
continued achievement at CorVu."
About CorVu Corporation
CorVu Corporation provides enterprise performance management solutions
that empower our customers to achieve strategic objectives and improve
performance. Offering comprehensive business intelligence, Balanced
Scorecard, risk performance management, corporate governance, and budgeting
solutions, CorVu has over 4,500 customers, including leading suppliers in
aerospace, banking, financial services, healthcare, hospitality, insurance,
manufacturing, mining, the public sector, telecommunications, and
transportation. For more information on how CorVu can help drive breakthrough
performance at your organization, please visit http://www.corvu.com or call
SOURCE CorVu Corporation