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Business Objects Names New CEO

John Schwarz joins Business Objects from Symantec, where he held the title of president and was responsible the IT security product maker's six lines of business.
Business Objects named John Schwarz to lead the company's operations as its new chief executive officer. Meanwhile, Bernard Liautaud, the outgoing CEO who founded the business intelligence software firm, will stay on as chairman of the board and assume the new role of chief strategy officer.

Schwarz joins Business Objects from Symantec, where he held the title of president and was responsible the IT security product maker's six lines of business. Schwarz contributed to the recent combination of Symantec and Veritas, which announced a $13.5 billion merger of their two companies last December.

"Now is the time for our company's next phase of development and John is the perfect executive to lead the company into the future," Liautaud said in a statement. "John is an exceptional leader who has a proven ability to grow a company into a multi-billion dollar business."

Prior to his time with Symantec, Schwarz worked in development, manufacturing, sales and marketing at IBM. He served as general manager of IBM's Industry Solutions unit, which sells to IBM's large industrial customers.

Liautaud will focus on "long term vision and strategy" in his new role, Business Objects said. Schwarz will lead the Business Objects executive team and report to the company's board of directors.