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Aspen Technology Announces Karen Golz as Newly Appointed Audit Committee Chair
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Rhea-AI Summary
Aspen Technology, Inc. (NASDAQ: AZPN) has appointed Karen Golz as chair of its audit committee, replacing Gary Haroian, who retired after serving since 2003. Golz, a retired partner from Ernst & Young with extensive experience in accounting and international regulatory matters, joined the Board in March 2021. CEO Antonio Pietri expressed confidence in Golz's leadership, highlighting the company's growth potential and focus on operational efficiencies and sustainability.
Positive
Karen Golz appointed as chair of the audit committee, bringing extensive experience from Ernst & Young.
Her leadership is expected to benefit AspenTech as it enters a growth phase.
Negative
Gary Haroian's retirement may create potential gaps in the board's continuity.
BEDFORD, Mass.--(BUSINESS WIRE)--
Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in asset optimization software, today announced that Karen Golz has been appointed chair of its audit committee. She joined the AspenTech Board of Directors in March 2021.
Ms. Golz is a retired partner of Ernst & Young (EY) where she held various senior leadership positions during her 40-year tenure at the firm, including Global Vice Chair, Japan. In addition to accounting, financial reporting and audit expertise, Golz brings considerable experience in international and regulatory matters. Ms. Golz replaces Gary Haroian who retired from the Board of Directors after serving as a Board member and chair of the audit committee since 2003.
“We are pleased that Karen is assuming this important role on the audit committee,” said Antonio Pietri, president and CEO of AspenTech. “Her leadership in this area will serve the company well as we enter an exciting new phase of the company’s growth and development. We are grateful to Gary Haroian for his years serving as Board member and chair of the audit committee. His leadership and guidance have been instrumental in AspenTech’s success.”
“It is a privilege to be appointed chair of the audit committee, especially at this time when AspenTech is poised to contribute increasing value to customers in the areas of operational efficiencies and sustainability,” said Golz. “Taking on this leadership role as AspenTech continues its growth and development is an honor.”
About Aspen Technology
Aspen Technology (AspenTech) is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. AspenTech uniquely combines decades of process modelling expertise with artificial intelligence. Its purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle. As a result, companies in capital-intensive industries can maximize uptime and push the limits of performance, running their assets safer, greener, longer and faster. Visit AspenTech.com to find out more.
Who has been appointed as the new chair of the audit committee at Aspen Technology (AZPN)?
Karen Golz has been appointed as the new chair of the audit committee at Aspen Technology.
When did Karen Golz join the AspenTech Board of Directors?
Karen Golz joined the AspenTech Board of Directors in March 2021.
Who did Karen Golz replace as chair of the audit committee at Aspen Technology?
Karen Golz replaced Gary Haroian as chair of the audit committee.
What was Gary Haroian's role at Aspen Technology before his retirement?
Gary Haroian served as a Board member and chair of the audit committee since 2003.
What experience does Karen Golz bring to Aspen Technology's audit committee?
Karen Golz brings extensive experience in accounting, financial reporting, and international regulatory matters from her 40-year career at Ernst & Young.
