Content management software developer Interwoven Inc. promoted president and COO John Van Siclen to CEO late Wednesday.
Van Siclen, who will retain his other titles, succeeds outgoing CEO Martin Brauns, who will remain as chairman of the Sunnyvale, Calif., company.
Van Siclen joined Interwoven in 1999 as vice president of business development and worked his way up to senior vice president of corporate development, then COO, then president and COO. He now consolidates his leadership of the company by filling the CEOs chair as well.
"Since he joined Interwoven, John has clearly demonstrated operational excellence and the leadership skills of a CEO," said Brauns, in a statement. "Now with the company on solid footing, Im thrilled that my succession plan has come to fruition, and I look forward to continuing to work with John as Interwoven moves to the next level."
Separately on Wednesday, Interwoven reported second quarter revenues of $33 million for the three months ended June 30, down from $55.6 million in the same year ago period. License revenues were nearly halved, from $30.7 million to $15.9 million.
The company, however, lowered its net loss from $38.4 million to $13.8 million.
Brauns said in a statement that he was "proud" of the companys second quarter performance in the face of the tight IT spending environment and that Interwoven was in a stronger position than ever to take advantage of the opportunity in the enterprise content management software space.
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