Evolution of the Hubwoo Group Governance

September 14, 2015

PARIS, France – (September 14, 2015) —The Board of Directors of Hubwoo S.A. met on September 8, 2015 to further the success of the tender offer launched by Perfect Commerce S.A. for all the issued and outstanding shares of Hubwoo, and decided upon certain changes regarding the governance of Hubwoo.

Following the Board meeting, the composition of the Board noticeably changed with the cooptation of George Hampton Wall, Mark Dreyfus, Jerrold Miller and Nicole Lowe as Board members. These co-optations took place due to (or following) the resignation of all of the existing Board members.
The new Board of Directors also decided to appoint George Hampton Wall as Chairman of the Board and Chief Executive Officer of Hubwoo.
About Hubwoo

Hubwoo provides cloud-based, comprehensive spend management and collaborative business process automation solutions for goods and services—through The Business Network. The one-stop purchasing experience helps drive adoption, compliance and savings. Hubwoo is a Perfect Commerce Company.
About Perfect Commerce Perfect Commerce provides best-in-class SaaS sourcing and procurement solutions to the enterprise and public market sectors. Since 1994, Perfect’s cloud-based software and services solve complex industry challenges—throughout the spend lifecycle.

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Contact Jessica Warren (Senior Director – Head of Marketing and Communications) E-mail: pressandmedia@hubwoo.com Follow us on Twitter: @Hubwoo and LinkedIn: http://linkedin.com/company/hubwoo

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