After announcing that its board of directors has authorized a modified “Dutch auction” tender offer to repurchase between $135 million and $400 million of its common stock, Quest Software has announced some promotions as well.
The company has appointed Doug Garn as the company’s chief executive officer. Garn, who was also appointed to the company’s board of directors, will continue in his role as president. As CEO and president, Garn will be responsible for the day-to-day operations of Quest. He joined Quest in 1998 and has served as the company’s president since February 2005. Prior to that, he served as Quest’s vice president of worldwide sales.
The company has also announced that Vinny Smith has been appointed to the newly created full-time position of executive chairman of the company’s board of directors. In this role, Smith will be responsible for leading the strategic direction of Quest. As executive chairman, Smith will play an active role in managing Quest’s product direction and will continue to be responsible for Quest’s corporate development strategy. Smith joined Quest as a director in 1995 and was appointed chief executive officer in 1997. In 1998, he was appointed chairman of Quest’s board of directors.
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