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Micromuse appoints Lloyd Carney as chairman of the board and chief executive officer

Announcement posted by Micromuse 31 Jul 2003

Networking industry veteran brings visionary leadership, operational acumen and strong customer orientation to Micromuse
Micromuse Inc. (Nasdaq: MUSE), the leading provider of business and service assurance software, announced the appointment of Lloyd Carney as Chairman of the Board and Chief Executive Officer, effective immediately. Mr. Carney will be based at Micromuses global headquarters in San Francisco, California. Mike Luetkemeyer, who has served as Interim CEO since 1 January, 2003, will continue in his role as Chief Financial Officer and as a member of the Micromuse Board of Directors. Dave Schwab, who has served as Micromuses non-executive Chairman of the Board since 1 January, 2003, will become lead independent director of the board.
A twenty-year veteran of the networking industry, Mr. Carney joins Micromuse from Juniper Networks, where he served as Chief Operating Officer and Executive Vice President and oversaw a broad range of business operations including the sales, marketing, engineering, manufacturing, and customer service organisations. Prior to Juniper Networks, he held various executive positions at Nortel Networks, including President of the Enterprise Division, a multi-billion dollar voice and data services business unit, and President of the Wireless Internet Division, a carrier-focused multi-billion dollar business unit delivering advanced wireless technologies to the marketplace. He was also responsible for Nortels Optivity line of network management software solutions.
On behalf of the Micromuse Board of Directors and the executive team, I am extremely pleased to welcome Lloyd to Micromuse, said Mr. Luetkemeyer. Lloyds deep knowledge of the networking industry, his extensive network of professional relationships, and his intuitive understanding of our customers requirements and challenges are attributes that will allow him to make an immediate and beneficial impact.
Mr. Carney served as Bay Networks Executive Vice President and as General Manager of their Enterprise Business Group prior to the companys acquisition by Nortel Networks. Mr. Carneys career also includes managerial and engineering roles at Data General, Prime Computer, Proteon and Radio Corporation of America (RCA). Over the course of his career, he has accumulated vast experience working in large and small companies, in both the U.S. and overseas.
Im very impressed by Micromuses experienced executive team, solid financial performance, blue-chip customer base and strong product brand, said Mr. Carney. As Chairman of the Board and Chief Executive Officer of Micromuse, I intend to drive and nurture the key processes by which the company delivers value to its customers, shareholders and employees.
A replay of the conference call hosted by Micromuse is available by dialling +320-365-3844 (international) and entering access code 693839. The replay will be available from Wednesday, 30 July at 8:30 AM EST until Wednesday, 6 August at 4:59 PM EST. The replay will also be available as an archived audio file at http://www.micromuse.com/. >From the web site home page, select the Our Company link, the Investor Relations link, and the Audio Archives link to access the web-based replay.
About Micromuse

Micromuse Inc. (Nasdaq: MUSE) is the leading provider of business and service assurance software solutions. The Netcool software suite provides organisations with the assurance that their IT systems are supporting and driving profits 24 hours a day. Unlike traditional infrastructure management systems, Netcool solutions provide realtime end-to-end visibility and accurate troubleshooting from a business perspective. Such business intelligence allows organisations to respond to problems quickly, streamline workflow processes and improve business uptime.Globally, Micromuse customers include AT&T, BT, Cable & Wireless, Charles Schwab, Deutsche Telekom, Digex, EarthLink, GE Appliances, ITC^DeltaCom, J.P. Morgan Chase, T-Mobile and Verizon. Micromuses customers in Australia include Telstra Global Operations Centre, British Telecom Global Services - Asia Pacific, and Ericsson Australia - Network Operations Centre. Sydney is the regional headquarters for Micromuse Asia Pacific and includes sales, technical support and the administrative functions for the region. Micromuse is headquarteredin San Francisco. For more information go to www.micromuse.com
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Micromuse and Netcool are registered trademarks of Micromuse Ltd. All other trademarks and registered trademarks in this document are the properties of their respective owners. Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties.
The factors that could cause actual future results to differ materially from the forward-looking statements include the following: fluctuations in customer demand, the Companys ability to manage its growth (including the ability to hire sufficient sales and technical personnel), the risks associated with the expansion of the Companys distribution channels, the risk of new product introductions and customer acceptance of new products; the rapid technological change which characterises the Companys markets, the risks associated with competition, the risks associated with international sales as the Company expands its markets, and the ability of the Company to compete successfully in the future, as well as other risks identified in the Companys Securities and Exchange Commission Filings, including but not limited to those appearing under the caption "Risk Factors" in the Company's most recent Quarterly Reports on Form 10-Q and on Form 10-K on file with the Securities and Exchange Commission and available on the Company's Web site.