Wednesday, September 03, 2003

WSJ.com - Tech Briefs: BEA Co-Founder to Start New Company

WSJ.com - Tech Briefs: BEA Co-Founder to Start New Company: "William T. Coleman, co-founder and former chief executive officer of BEA Systems Inc., is going to start a new software company. He will give up a salaried staff position at BEA but remain a director as well as a paid consultant to the company, said Kevin McGuirk, BEA's vice president of corporate communication. Mr. Coleman, who goes by Bill, was one of three former Sun Microsystems Inc. executives who co-founded BEA in 1995 and whose first initials form the company's name. He served as the company's CEO from its inception until October 2001, and remained chairman until August 2002. Since then, Mr. Coleman has held the title 'chief customer advocate.' He earned $512,500 in salary and $432,215 in bonus in the fiscal year ended Jan. 31, according to BEA's most recent proxy statement. Details about the new venture haven't been disclosed, but Alfred Chuang, another co-founder who succeeded Mr. Coleman as CEO, described the new company in an e-mail to employees as complementary with BEA's business. 'His new company is the culmination of several months of planning and Bill is just the right visionary to turn a new technology into a market reality,' Mr. Chuang wrote."

(full brief)
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