Aug 19, 2003 : WARP Appoints President and Interim CEO

📅 August 19, 2003 - WARP Technology Holdings, Inc. (warpsolutions.com), a provider of network and application acceleration technology solutions, appointed Malcolm Coster to the position of president and Interim CEO yesterday.

Coster, who is a WARP board member and investor in the company, will also be assuming the role of chairman of the board of directors. He replaces outgoing CEO Karl Douglas, who resigned for personal reasons.
"With recent, rapid adaptation of our network and application acceleration technology solutions, WARP has reached a critical milestone and the company is preparing for the next stage of growth," said Douglas, who will continue to serve as a director and advisor to the company. "We are opening up the executive management team to enable the company to capitalize on its early successes worldwide."
Coster was previously president of Unisys-Europe and has over 35 years of senior management level experience with British Petroleum, Coopers and Lybrand, MTL Instruments Group and British Technology Group.
"Malcolm's vast experience in strategic alliances and global business development is of particular significance and importance at this phase of WARP's evolution," said David Milch, executive director of the office of the chairman at WARP. "We are pleased to have his level of expertise available to help the entire WARP team accelerate the company's strategic plan and technology leadership, and move our company to the next level."