Cloud Solutions Veteran Named to Lead Next Stage of Business Acceleration and Growth
REDWOOD SHORES, Calif. – August 12, 2013 – Saba (OTCPink: SABA), a global leader in next-generation cloud solutions for talent management, today announced that it has appointed Shawn Farshchi as its President and Chief Executive Officer and a member of the board of directors effective as of August 6, 2013. Mr. Farshchi has served as the interim CEO since March 2013.
“The board is very impressed with the strategic vision, operational excellence, and business performance Shawn has demonstrated as interim CEO,” said Bill Russell, non-executive chairman of Saba’s board of directors. “Shawn has been playing a pivotal role at Saba since 2011 and his industry experience and extensive knowledge of Saba’s business are exactly what Saba needs to ensure its long-term success. We are confident that he will be able to lead Saba through the next phase of business acceleration and growth and help the company reinforce its position as the innovative powerhouse of next-generation talent management cloud solutions.”
“Saba is an outstanding company which provides world-class talent management solutions to thousands of well-known industry leaders around the world. I am honored to be working with our talented and dedicated team as we continue to deliver ground-breaking innovations to our customers and enhance shareholder value.” said Mr. Farshchi.
Mr. Farshchi served as Saba’s Chief Operating Officer from June 2011 until his appointment as its Interim CEO in March 2013. Prior to joining Saba, Mr. Farshchi was Chief Operating Officer of Coremetrics, a provider of web analytics solutions, and served as Chief Information Officer of WebEx, a provider of web meeting applications.
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