Blue Coat Systems, Inc., a leading provider of Web security and WAN optimization solutions, announced that Gregory S. Clark has been named president and chief executive officer and a member of the board of directors, effective upon the commencement of his employment with Blue Coat, by September 15, 2011. Mr. Clark will succeed Michael J. Borman, who has departed as president and CEO and as a director.
Mr. Clark most recently was president and CEO of Mincom, an enterprise software company that was acquired in July by the ABB Group, a leader in automation and power technologies. Under his leadership, Mincom successfully enhanced its enterprise software offerings with cloud-based solutions, and improved its financial results and shareholder value.
Prior to joining Mincom Mr. Clark was CEO of E2open, a leader in cloud-based supply chain applications. Earlier in this career he founded the security software firm, Dascom, Inc., which was acquired by IBM in 1999. Following that acquisition the Dascom software became the basis of its Tivoli security product line, and Mr. Clark served as the IBM Distinguished Engineer responsible for security technology and a vice president at Tivoli Systems. He has also held senior technical and management positions at AT&T UNIX System Laboratories and Stallion Technologies.
“Greg is a proven leader with a track record of driving growth and shareholder value,” said David W. Hanna, Chairman of the Board of Blue Coat. “Greg has the right combination of technical depth, market insight and managerial skills to enable Blue Coat to capitalize on its strong franchise in Web security and WAN optimization.”
“I am looking forward to joining Blue Coat and leading the team to expand Blue Coat’s market leadership,” said Greg Clark. “It is a great company with a long heritage of innovation, a terrific portfolio of assets and an impressive customer base.”
The Blue Coat board has named board member Carol G. Mills as interim CEO until Mr. Clark’s arrival. Ms. Mills has held executive positions at technology companies including CEO of Acta Technology, EVP at Juniper Networks, and VP/GM at HP.
Blue Coat (bluecoat.com) separately announced its financial results for its first fiscal quarter ended July 31, 2011.