BURLINGTON, Mass.--(BUSINESS WIRE)--Jun. 30, 2009--
Aspen Technology, Inc. (OTC: AZPN.PK), a leading provider of software
and services to the process industries, today announced the appointment
of Mark P. Sullivan to the position of senior vice president and chief
financial officer (CFO), effective July 1, 2009. Sullivan brings over
twenty years of financial management and executive leadership to the
Sullivan spent fourteen years in financial executive leadership roles at
Fidelity Investments, a $12+ billion diversified financial services
company. For seven years, Sullivan served as Executive Vice President,
Chief Financial Officer, for Fidelity Employer Services Company, where
he led a 200+ finance team and multi-billion dollar business focused on
providing employee benefits and HR outsourcing services. While at
Fidelity, Sullivan also served as Executive Vice President for the
Office of the CFO, in addition to other financial leadership roles.
“We are excited to have an individual with Mark’s breadth and depth of
experience joining us to lead our finance organization. Mark is a proven
business leader with considerable experience managing large
organizations, implementing process improvements and driving growth and
profitability. We believe he is an excellent fit to lead AspenTech’s
efforts to bring our financials current and help us achieve our
long-term business objectives,” said Mark Fusco, President and Chief
Executive Officer of AspenTech.
Sullivan’s previous experience included serving as Chief Operating
Officer, Principal Finance and Accounting Officer for Westerbeke
Corporation, a manufacturer, global importer and distributor of engine
and air conditioning products for the recreational marine industry.
Sullivan also served as Consulting Manager in the Business Investigatory
Services group of Coopers & Lybrand, a public accounting and
professional services firm, in addition to a number of financial
leadership roles with Analog Devices, an integrated circuit manufacturer.
Mark Sullivan said, “AspenTech has industry leading technology, a blue
chip customer base and a strong financial position. I look forward to
using my financial and executive leadership experience to put in place
the financial infrastructure and processes necessary to effectively
scale the company over the long-term.”
AspenTech is a leading supplier of software that optimizes process
manufacturing – including oil and gas, petroleum, chemicals,
pharmaceuticals 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.
© 2009 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen leaf logo
and the 7 Best Practices of Engineering Excellence are trademarks of
Aspen Technology, Inc. All rights reserved. All other trademarks are
property of their respective owners.
Source: Aspen Technology, Inc.
David Grip, +1-781-221-5273
Kori Doherty, +1-617-956-6730