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Autumn 2001
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The Board of Directors of Raining Data Corporation has announced several organizational changes.
Carlton H Baab, a broadly experienced technology executive and a Managing Principal with Astoria Capital Management, has been named President and CEO. Geoffrey P Wagner, who has served as a member of the Board of Directors since 1998, was also named Chairman of the Board. Bryce Burns, the company's former Chairman of the Board and Interim CEO will continue as a member of the Board of Directors. The senior management changes were made to replace Richard Lauer, the company's former President and COO, and Tim Holland, former Chief Technical Officer, both of whom will be leaving Raining Data to pursue other business opportunities.
Carlton H Baab, 43, joins Raining Data with more than 18 years of experience in general management, marketing and financial management, primarily in the technology industry. Mr Baab previously served as Chief Operating Officer and Chief Financial Officer of RemarQ Communities, a web-based provider of discussion group services, before it was acquired by Critical Path in 2000. From 1994 to 1998, Baab served as Executive Vice President and Chief Financial Officer of CKS Group, a leading internet and marketing consulting firm, before it was acquired by USWeb in December 1998.
Baab holds a B.S. in Electrical Engineering, with honours, from the University
of Southern California and an MBA from the Harvard Graduate School of Business
Administration.
Last Updated: 29 Nov 2001