SAN MATEO (07/28/2000) - Kim Polese, one of the high-tech industry's most well-known female executives, is stepping down as Marimba Inc.'s president and CEO to assist the company with new initiatives and its long-term outlook.
Polese co-founded Marimba, which makes tools to aid companies with updating software. She will remain at the company as chairwoman and chief strategy officer. John Olsen, most recently president of Cadence Design Systems Inc.'s Design Realization Group, will take over as Marimba's president and CEO.
About her decision, Polese said she did not feel she had the experience to build Marimba into a billion-dollar company and wanted to make sure someone was in place to assist in that endeavor. She was spreading herself thin on the assignments she had at hand, Polese said.
Now she will focus on tasks she truly enjoys, such as driving the strategic direction of the company. She also is expected to work on new business initiatives and the long-term direction of the company, mergers and acquisitions, and critical industry partnerships.