The SCO Group Announces Ken Nielsen as Interim Chief Financial Officer
September 28 2007 - 5:05PM
PR Newswire (US)
Nielsen's SEC Compliance and Consumer-Based Experiences to Support
SCO's Future Growth LINDON, Utah, Sept. 28 /PRNewswire-FirstCall/
-- The SCO Group, Inc. ("SCO") (NASDAQ:SCOX), a leading provider of
UNIX(R) software technology and mobile services, today announced
that it has appointed Ken R. Nielsen as Chief Financial Officer,
effective October 1, 2007. Mr. Nielsen will initially fill the
position in an interim capacity and report to Darl McBride,
President and CEO for The SCO Group. "Over the past three years,
SCO has focused on building a next-level future for its UNIX
platform with exciting new applications and operating systems for
its core enterprise business and emerging mobile business," said
Mr. McBride. "Ken, with his proven track record of consumer-based
experiences, will support the strategic direction and growth of our
consumer- and prosumer-driven mobility business. He will also bring
a wealth of experience in SEC compliance to SCO, which will prove
invaluable as he directs our regulatory filings through the Chapter
11 reorganization process." Most recently, Mr. Nielsen was Chief
Finance Officer at Forward Foods, LLC where he developed systems
and tools, which directly increased cash flow for the business.
Before that, he worked with Mrs. Fields' Companies, Inc. for six
years, where his strategic leadership led to improved
year-over-year same store sales and increased international revenue
by 25%. He also streamlined the financial management and reporting
infrastructure of Mrs. Fields' 20 business entities while ensuring
that the company met all lender and SEC requirements. Prior to
that, he spent time in a number of senior positions with Echopass,
Ernst & Young, Sprint PCS and Price Waterhouse. "The SCO Group
has a unique opportunity to become a leading applications provider
for the mobile marketplace," said Ken Nielsen, Chief Financial
Officer for The SCO Group. "As an avid mobile user from my time
with Sprint, I am eager to work alongside Darl to drive this
business forward, while supporting the continued success of SCO's
traditional UNIX business." Mr. Nielsen replaces Bert Young who has
left The SCO Group to pursue new opportunities. About SCO The SCO
Group (NASDAQ:SCOX) is a leading provider of UNIX software
technology and mobile services. SCO offers UnixWare for enterprise
applications and SCO OpenServer for small to medium businesses.
SCO's highly innovative and reliable solutions help customers grow
their businesses everyday, especially into the emerging mobile
market. SCO owns the core UNIX operating system, originally
developed by AT&T/Bell Labs and is the exclusive licensor to
UNIX-based system software providers. The Me Inc., product line
focuses on creating mobile platforms, services and solutions for
businesses and enhances the productivity of mobile workers.
Headquartered in Lindon, Utah, SCO has a worldwide network of
thousands of resellers and developers. SCO Global Services provides
reliable localized support and services to partners and customers.
For more information on SCO products and services, visit
http://www.sco.com/. SCO and the associated logos are trademarks or
registered trademarks of The SCO Group, Inc. in the U.S. and other
countries. DATASOURCE: The SCO Group, Inc. CONTACT: Deborah Gillman
of The SCO Group, +1-801-932-5302, Web site: http://www.sco.com/
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