USDATA announces management, board changes

Richardson, TX -USDATA Corp . announced on October 29, 2002 that its board of directors has accepted the resignation of Robert (Bob) Merry, president and ceo. Mr. Merry has also re-signed from the board of directors. The resignations are effective immediately.

10/29/2002


Richardson, TX - USDATA Corp . announced on October 29, 2002 that its board of directors has accepted the resignation of Robert (Bob) Merry, president and ceo. Mr. Merry has also re-signed from the board of directors. The resignations are effective immediately.

The board of directors has appointed James E. Fleet as interim president and ceo. Mr. Fleet is a vp with Phoenix Management Services, Inc., an operationally focused turnaround management firm headquartered in Philadelphia, PA. He has previously served as interim cfo of USDATA. Mr. Fleet is expected to be with USDATA for a considerable period of time and will serve as a director on the board.

USDATA also announced today that Winston Churchill has resigned as the Company's chairman but will remain a director. Elected to the board of directors and replacing Mr. Churchill as chairman is Yaron Eitan. Mr. Eitan is the founder, president, and ceo of Selway Partners, LLC., a diversified high technology holding company. Also elected to the board of directors is Randy Illig, a venture partner with Selway Partners and founder and former ceo of Visalign, an IT service company in Wayne, PA.


Control Engineering Daily News Desk
Dick Johnson, Senior Editor
djohnson@reedbusiness.com





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