Schedule TO Exhibit (a)(5)(i)
LONDON -- (BUSINESS WIRE) -- Aug. 3, 2000 -- INVENSYS plc yesterday assumed
full management control of Baan with approximately 72% of the company's
outstanding shares.
A detailed action plan was begun immediately under the leadership of Bruce
Henderson, Divisional Chief Executive of INVENSYS Software Systems.
The new Baan organization reporting to Mr. Henderson will be led by Laurens
van der Tang as President. Mr. van der Tang's key team will include:
Paul Daly...........President, Solutions - Americas
Erik Seppenwoolde...President, Solutions - Europe, Middle East & Asia
Ardin Vlot..........Vice President, Global Support
Hans Wortmann.......Vice President, Development
Henk de Ruiter......Vice President, Marketing
Rob Ruijter.........Vice President, Finance
In addition, to ensure rapid expansion of the critical Customer
Relationship Management element of e-business, Bob Karulf will oversee
eCRM, reporting directly to Mr. Van der Tang.
Further details will be announced shortly, including the appointment of a
President, Asia Pacific, in-depth restructuring plans and actions to
restore the business to sales growth and profitability.
INVENSYS plc is a global leader in the Automation and Controls industry.
With its head office in London, England it operates in all regions of the
world through four focused divisions - Intelligent Automation, Industrial
Drive Systems, Power Systems and Controls. With over 90,000 employees, the
company's products and services range from advanced control systems and
networks for automating industrial plants and controlling the environments
of buildings, to electronic devices and controls found in residential
buildings and light commercial applications, plus complete power systems
for the telecommunications and information technology industries.
Contact: INVENSYS plc, London
Victoria Scarth, 011-44-20-7821-3712
or
Taylor Rafferty, New York
James P. Prout, 212-889-4350
