Friday October 20 , 2017
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Melissa Cruz, Progress CFO, to retire


Progress Software Corporation has announced that Melissa H. Cruz, the company’s Senior Vice President, Finance and Administration and Chief Financial Officer, has informed the company that she has decided to retire in 2013 for personal reasons. Ms. Cruz will continue in her current role until her successor is named and will remain available to the company as long as necessary in order to ensure a smooth transition.  The Company is initiating a search process.

Ms. Cruz said of her retirement, "My decision to retire was a difficult one but I am grateful for the opportunities Phil and the Board of Directors have given me during my time here. I feel fortunate to have been a part of the company’s ongoing transition as it successfully executes on its strategic plan. My decision to retire was precipitated by some personal health issues that I experienced recently. I am confident in the Company’s business strategy, Phil’s leadership and the Company’s prospects for growth and value creation.”

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