Corel Corp announced Tuesday that Jim Orban, executive vice president of sales and marketing, has resigned his post effective December 31. The Canadian software house said in a statement that Orban has left to pursue other interests, but would be no more specific, citing a quiet period prior to the release of its fourth-quarter financial results.
The company did say, however, that Orban’s departure is not related to any performance or financial-related issues. Corel has been enjoying a financial resurgence recently, with a return to profitability and a vastly improved share price, partly due to investor enthusiasm for the Linux operating system. The company said that it has yet to name a replacement for Orban, who joined Corel in 1995 as a North American sales manager following stints at Heinz Canada and Colgate-Palmolive Canada.
