Tuesday, October 05, 2004

WebMethods Chief Resigns (washingtonpost.com)

WebMethods Chief Resigns (washingtonpost.com) "Phillip Merrick, the 41-year-old co-founder and chief executive of WebMethods Inc., resigned suddenly, citing health reasons that company officials described as "stress-related."
David Mitchell, who previously served as the Fairfax software company's president and chief operating officer, took over the chief executive's position yesterday. Bill Russell, an outside director, was appointed chairman of the company's board.
Mitchell, 39, said Merrick submitted his resignation Saturday at his doctor's urging, describing the stress-related condition as "life-altering but not life-threatening." Merrick could not be reached for comment."
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