News & Events
Document Sciences Announces Barton L. Faber to Become Interim President and CEO
6/21/1999, 7:00AM ET
CARLSBAD, CA -(Monday, June 21, 1999) - Document Sciences (NASDAQ: DOCX), a global leader in document automation solutions, today announced Barton L. Faber will become the interim President and CEO.
The Company also announced the resignation of Charles R. Harris as President and CEO. Mr. Harris has decided to leave to pursue outside opportunities.
Barton Faber has served as a director of Document Sciences since July 1996. Mr. Faber founded FABERcapital in 1998. FABERcapital makes private equity investments in Information Service Companies. Investment areas include information distribution, internet software distribution, database marketing, and print base promotional products.
In 1995, he became Chairman of Metromail Corporation. After overseeing the firm's Initial Public Offering, Mr. Faber actively directed Metromail's business strategy, operations, and growth plans. In June 1998 Metromail was sold to Great Universal Stores for $910 million.
From 1989 to 1995, Mr. Faber served as President of the Information Resources unit of R.R. Donnelley & Sons Company. This unit had sales of $800 million and included Donnelley's venture capital activities, which had over $100 million invested. He joined R.R. Donelley in 1985 as head of its Business Development & Analysis Division. During this time he championed key acquisitions, mergers, and other key projects that positioned Donnelley's entry into digital information services.
"Bart Faber's extensive experience in complex electronic publishing applications is well suited to further enhancing our proven Solution Selling and Delivery business model. In particular, his expertise in the commercial publishing sector will facilitate our growth plans in this rapidly growing market segment," says Dan Fregeau, Vice President of Worldwide Sales and Business Development.
Mr. Faber currently serves on the board of directors of Xeikon N.V., Looking Glass Technologies, Adforce, Moore Corporation, and Intervisual Communications. He is also a venture partner with Atrium Capital based in Menlo Park, California.
About Document Sciences
Document Sciences Corporation delivers real-time, interactive content processing services that content-driven organizations depend on to realize productivity benefits, cut costs, and increase competitiveness. Approximately 650 customers worldwide use Document Sciences products in insurance, banking and financial services, managed-care, telecommunications, utilities and commercial print service bureaus. Customers include more than 60 Fortune 500 companies. Based in Carlsbad, California, with regional locations across the U.S. and a European subsidiary in Paris, Document Sciences also markets its products in Australia, Canada, New Zealand, Brazil, Mexico and China. For more information about Document Sciences Corporation, visit www.docscience.com.
This press release contains certain forward-looking statements. Words such as "plan," "will," "anticipate," "intend," "increasing," "pursue," "provide," "begin," "should," "would," "focus," "believe," "expect," "continue," and "plan," or the negative thereof or variations thereon and similar expressions are intended to identify forward-looking statements. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on our current plans or assessments that are believed to be reasonable as of the date of this press release. Factors that may cause actual results, goals, targets or objectives to differ materially from those contemplated, projected, forecast, estimated, anticipated, planned or budgeted in such forward-looking statements include, among others, the following possibilities: (i) changes in our stock price; (ii) changes in our operating results; (iii) the market for document automation software; (iv) continued expansion of our professional services; (v) market acceptance of our existing products and introduction of new products and enhancements to existing products; (vi) maintaining our relationships with Xerox; and/or (vii) changes in general economic and business conditions. Actual events or results may differ materially from those discussed, contemplated, forecasted, estimated, anticipated, planned or implied in the forward-looking statements as a result of the various factors described above and those further set forth under the heading "Risk Factors" in our Form 10-K for its fiscal year ended December 31, 2001.