SAN JOSE, Calif., November 19, 2007 — Callidus Software Inc. (NASDAQ: CALD), a leader in Sales Performance Management (SPM), today announced that Leslie J. Stretch, Senior Vice President of Global Sales, Marketing and On-Demand, will succeed Robert H. Youngjohns as President and Chief Executive Officer effective December 1, 2007. Youngjohns is accepting a position with Microsoft as President, North America Sales and Marketing and Corporate Vice President. Youngjohns will continue to serve on the Callidus board.
The company also announced that board Director, Charles M. Boesenberg has assumed the role of Executive Chairman of the board at the company to assist Mr. Stretch with the transition.
Michael A. Braun, Chairman of the board, will assume the duties of Lead Independent Director. Commenting on the changes he said, “Callidus has thrived under Robert’s leadership these past two and a half years. Sales and shareholder value have increased. We have launched a market leading on-demand business from scratch and added depth to our management team. Leslie Stretch has been a key player during this period and we are delighted to have him as our new leader. He is the right person to build on our success and extend our leadership. Chuck Boesenberg has been CEO of three significant public companies and served on the board of many more. As Executive Chairman, his assistance with the transition on a day-to-day basis will add tremendous value to our whole team.”
“I am delighted to be appointed to lead Callidus Software. Robert’s leadership guided Callidus through a growth generation stage and we are now beginning the next phase which is to prove that we can turn this growth into sustained profitability during 2008. I thank Robert for his leadership and very much look forward to working with Chuck, the board and the executive team as we expand the global sales performance management opportunity for our company,” said Leslie Stretch.
“I am proud of our achievements over the past two and a half years that I have had the privilege to lead Callidus Software,” said Youngjohns. “Over the last twelve months alone we exceeded $100M of revenue and have become the leader in the field of sales performance management. I am delighted to be able to continue to help guide the company’s future success as a member of the Callidus board.”
Prior to joining Callidus Software in 2005, Leslie Stretch spent nine years at Sun Microsystems. He held the position of Senior Vice President of Global Channel Sales and was the Managing Director of Sun Microsystems U.K. Ltd. Before joining Sun, Stretch held senior sales positions at Oracle Corporation U.K. and was instrumental in accelerating the growth of its Scottish and Canadian operations.
Chuck Boesenberg joined the Callidus board in February 2006. He was Chairman and CEO of NetIQ Corporation before its sale to Attachmate, and has also served as CEO of Integrated Systems and Magellan Corporation. Chuck is currently on the boards of Interwoven, Rackable Systems and Keynote Systems and has previously served on the boards at Macromedia, Maxtor, and Symantec.
About Callidus Software®
Callidus Software (www.callidussoftware.com, NASDAQ: CALD) is a leading provider of on-premise and on-demand Sales Performance Management (SPM) solutions to global companies across a broad range of industries. Our software allows innovative enterprises of all sizes to strategically manage incentive compensation, set quota targets, administer producers, and align territories, resulting in improved sales and distribution performance. Over 1.8 million salespeople, brokers, and channel representatives have their sales performance managed by Callidus Software’s products.