766 — Siebel appoints C. Scott Hartz to board of directors

Aug 12, 2003 | Conteúdos Em Ingles

Profit-swooping CRM maker Siebel Systems has announced the appointment of C. Scott Hartz to its board of directors for the company’s audit committee. In addition to his board appointment with Siebel Systems, Mr. Hartz serves on The Wharton School’s Graduate Executive Board and is a member of the Japan Society, the U.S. Asia Foundation, and The World Affairs Council. He is also a managing member of Spire Capital Group, a merchant bank based in New York City, where he focuses on the commercialisation of early stage technologies.

“Scott’s breadth of experience advising Fortune 500 companies worldwide makes him ideally suited to help us guide Siebel Systems as we embark upon our second decade,” said Thomas M. Siebel, chairman and CEO, Siebel Systems. “Given the rapidly changing business environment that exists today, adaptability is the key requirement for success,” said Hartz. “I look forward to working closely with the other members of the board of directors to help Siebel Systems rise to the challenges ahead.”

Hartz, 57, was chief executive officer of PwC Consulting from 1995 until early last year. He joins a board under fire by the Teachers’ Retirement System of Louisiana lawsuit alleging that the directors distributed bushels of lucrative stock options to insiders in violation of the firm’s guidelines. Siebel Systems has rebutted the allegations.

Hartz is joining a board consisting of eight other directors. They include two of the US wealthiest people, CEO Tom Siebel and stock brokerage Charles Schwab, an internet executive, Google CEO Eric Schmidt, and former Montana governor Marc Racicot, who recently stepped down as chairman of the Republican National Committee to lead President Bush ‘s reelection campaign.

Filipe Samora with AP
2003-08-12

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