MILPITAS, Calif.--(BUSINESS WIRE)--Sept. 15, 2006--Phoenix Technologies Ltd. (Nasdaq:PTEC), the global market leader in core system software, today announced that it has appointed current board member David Dury as Chairman.
Having joined the Board of Directors in 2002, Dury has most recently provided counsel regarding the company's hiring of a new CEO, Woody Hobbs, and appointment of investment banking firm Savvian LLC. Dury will take the helm and work with fellow board members and company executives to set the course for the future of Phoenix.
"I have had the pleasure of working with Dave on the Phoenix board for the past four years. He has always acted in the best interest of the company and its shareholders and is well-qualified to take on the additional responsibilities associated with Chairman," said Anthony P. Morris, lead independent director. "We are pleased that he has accepted the nomination and will continue in this expanded role."
Dury is a co-founder and co-owner of Mentor Capital Group, LLC, which provides venture capital and services to start-up companies. Prior to founding Mentor Capital Group in 2000, Mr. Dury served as Senior Vice President and Chief Financial Officer of Aspect Development, Inc. from 1996 to 2000. Prior to Aspect, Dury held senior executive roles at NetFrame Systems, Inc., Boole & Babbage, Inc. and Priam Corporation. Mr. Dury also serves on the Board of Directors of Intevac, Inc.
About Phoenix Technologies Ltd.
Phoenix Technologies Ltd. (Nasdaq:PTEC) is a global market leader in core system software and applications that assure endpoint confidence. The company first established dominant industry leadership 26 years ago with BIOS software, currently has over one billion products deployed and continues to ship in over 100 million new systems each year. From this unique foundation, Phoenix has created a portfolio of innovative software products that simply and easily identify and restore devices, thereby ensuring unparalleled endpoint security and availability.
With a focused commitment to the highest levels of customer confidence and satisfaction, Phoenix serves enterprise and government channel partners, ODMs, OEMs, system builders and ISVs by enabling them to decrease time to market, differentiate their products, create value, increase profits and lower cost of ownership. Phoenix is headquartered in Milpitas, Calif., with offices worldwide in global business and technology centers. For more information, visit www.phoenix.com
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