Selectica Announces Restructuring and Management Changes

SAN JOSE, CA, July 1 / MARKET WIRE/ -- Selectica (NASDAQ: SLTC), a provider of enterprise contract lifecycle management and sales configuration solutions, today announced a restructuring designed to streamline operations, improve efficiency, and better align expenses with revenues. In conjunction with the restructuring, after leading Selectica through an important transition including completion of the review of the company's stock option grant process and resolution of patent infringement litigation, Robert Jurkowski has resigned as Chairman and CEO and will no longer serve as a member of Selectica's board of directors. Effective immediately, Selectica board members James Thanos and Brenda Zawatski will serve as Co-Chairs of the board and will be actively involved in the company's business until a successor CEO is named. The... [read full story]