Press Release
MSC.Software Names Philip B. Livingston To Board of Directors
SANTA ANA, Calif. - May 26, 2005 - MSC.Software Corp. (OTC: MNSC), the leading global provider of virtual product development (VPD) products including simulation software and services, today announced that Philip B. Livingston has joined the Company's board of directors. Mr. Livingston has been appointed to the boards Audit Committee.
Mr. Livingston is a seasoned financial executive who is currently vice chairman of Approva Corporation, an ERP controls management software company, and also serves as a director and audit committee chairman at both Cott Corporation and Insurance Auto Auction Inc. From 1999 to 2003, Mr. Livingston was CEO of Financial Executives International, a professional association for senior financial executives. He has also held the position of chief financial officer at World Wrestling Entertainment, Catalina Marketing Corporation and Celestial Seasonings. He is a certified public accountant and received an MBA from the University of California, Berkeley.
"We are very excited about the addition of Phil to MSC.Software's board of directors," said Bill Weyand, chairman and chief executive officer, MSC.Software. "Phil's expertise in finance and accounting will be great assets as we finalize our restatements and continue to deploy best practices financial systems and processes throughout MSCs global operations. We are confident he will be a great contributor to our future success."
About MSC.Software
MSC.Software (OTC: MNSC) is the leading global provider of simulation software and related services that help companies make money, save time and reduce costs associated with designing and testing manufactured products. MSC.Software works with thousands of companies in hundreds of industries to develop better products faster by utilizing information technology, software, services and systems. MSC.Software employs more than 1400 people in 23 countries. For additional information about MSC.Software's products and services, please visit www.mscsoftware.com
| Contact: Joanne Keates Vice President, Investor Relations MSC.Software 714.444.8551 joanne.keates@mscsoftware.com |
Contact: Catherine Meek Media Relations MSC.Software 714.445.5647 catherine.meek@mscsoftware.com |
