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 this week. 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 800.610.0769.
SOURCE CorVu Corporation