Day Software Aims to Strengthen Its Board of Directors

By Irina Guseva | Published Apr 29, 2009

Day Software (news, site) announced the nominations of Barry Bycoff and David Arnott to the Board of Directors. Elections for both nominees are scheduled to take place on May 19, 2009, at Day's Annual Shareholder meeting in Basel, Switzerland.

Bycoff brings to the table over 25 years of experience in the computer and software industry. Bycoff's track record is extensive and includes Venture Partner at Pequot Ventures and founder of Netegrity, which was acquired by Computer Associates for approximately US$ 450 million in 2004.

Arnott is currently a member of the Executive Committee and Chief Financial Officer of TEMENOS Group AG, a provider of banking systems, with over US$ 400 million in FY08 revenue. Arnott's professional background includes Chief Financial Officer of Socieete Europeenne de Communication and senior finance positions at Anglo-American plc.

Day's performance hasn’t always been stellar. However, we've seen some bright and sunny days, too. We've also witnessed a recent shake-up on Day’s executive level, including the addition of new CEO Erik Hansen, CFO Richard Francis, CMO Kevin Cochrane and others.

The company seems to be going though positive organizational changes and productive growing pains. Cautiously optimistic, we're looking forward to seeing how these two possible additions to the Board may help steer the company in the right direction.