Aviles most recently served as chairman, president and chief executive officer of Activant Solutions Inc., an Austin-based provider of software and information services to the automotive aftermarket, hardware and lumber industries. At Activant, Aviles drove the company to five consecutive years of strong earnings growth and successfully completed a public offering of high-yield debt to institutional investors. Prior to Activant, Aviles served as president and CEO of Foster Grant Group, a leading marketer and distributor of popular priced consumer eyewear. He also held senior executive roles at FOOTACTION USA, an athletic specialty retailer, serving as a key member of the management team that aggressively grew the company to a half billion dollars in revenue.
"The board is extremely pleased to welcome Mike as our new president and CEO," said Jan Lindelow, chairman of Vignette's board of directors. "Vignette's solid performance, growing momentum and market leadership merit a passionate, focused and proven leader with diverse business experience who can drive growth and execution, and that's what we've found in Mike."
"I'm excited to be joining Vignette at what is an important time in the company's history," said Aviles. "As organizations worldwide recognize the value of leveraging content to drive top-line and bottom-line performance, Vignette's impressive customer base, proven product leadership and strong business model create a truly compelling opportunity. Vignette will grow from a position of strength and it's a privilege to be chosen to lead such an outstanding team of people."
Aviles received a Master of Business Administration degree from the Stanford University Graduate School of Business and has a Bachelor of Business Administration degree from Pace University. He began his career as a Certified Public Accountant with KPMG Peat Marwick.
Aviles sits on the Stanford University's Graduate School of Business management board and is a member of the board of trustees for St. Edward's University in Austin. He also serves as an officer for the Austin chapter of Young Presidents' Organization.
Aviles succeeds Thomas E. Hogan, who will leave the company on February 17, 2006, but will continue to serve on the Vignette board of directors and actively assist in the transition. Hogan will assume a new role as senior vice president of the software global business unit at Hewlett-Packard.
About Vignette Corporation
For more than 10 years, Vignette has helped organizations worldwide transform their content from a liability to an asset. Vignette's family of Enterprise Content Management (ECM) solutions lets these organizations leverage their records, documents, Web pages, images, multimedia and other unstructured content to create new opportunities, expand profits, and realize greater savings and efficiencies. Vignette (NASDAQ:VIGN) is headquartered in Austin, Texas with local operations worldwide. Visit www.vignette.com to see how the world's best-known organizations have worked with Vignette to increase their productivity, reduce their costs, manage their risk and improve their interactions with key constituents.
This document contains forward-looking statements that involve risks and uncertainties concerning the company. Actual events or results may differ materially from those described in this document due to a number of risks and uncertainties. These risks and uncertainties include, among others, the company's ability to attract and retain a new chief executive officer and challenges the company may face with the transition in leadership; the company's ability to attract and retain existing and/or new customers; the company's ability to issue new products or releases of solutions that meet customers' needs or achieve acceptance by the company's customers; changes to current accounting policies which may have a significant, adverse impact upon the company's financial results; the introduction of new products by competitors or the entry of new competitors on the company's products; the company's ability to preserve its key strategic relationships; the company's ability to hire and retain key employees; and economic and political conditions in the U.S. and abroad. All of these factors may result in significant fluctuations in the company's quarterly operating results and/or its ability to sustain or increase its profitability. More about potential factors that could affect the company's business and financial results is included in Vignette's Form 10-K for the year ended December 31, 2004, which is on file with the SEC and available at the SEC's website at www.sec.gov. Vignette is not obligated to update these forward-looking statements to reflect events or circumstances after the date of this document.
Vignette, the V logo, e:fficiency and e:fficiency experts are trademarks or registered trademarks of Vignette Corp. in the United States and other countries.
All other names are the trademarks or registered trademarks of their respective owners.
NOTE TO EDITORS: In the terms "e:fficiency" and "e:fficiency experts," the "f's" are italicized. The font was changed for transmission purposes only.