Verity Names New President

Sep 27, 2005

Verity Inc., a provider of enterprise search software that enables organizations to discover, analyze, and process all of the digital information within its enterprises, has announced its CFO, Steven R. Springsteel, has been promoted to president. He will continue to report to Anthony J. Bettencourt, Verity's CEO, who has relinquished the title of president.

Springsteel, who had been SVP of finance and administration, will continue to serve as the company's CFO and be responsible for all administrative, financial, and legal functions. In addition, the company's development and marketing operations will now report to him. Verity's sales, professional services, and corporate development organizations will report to Bettencourt.