Sunnyvale, Calif.--Jan. 26, 1998--Cygnus Solutions (Sunnyvale) announced that it has named Thomas K. Barton as interim CEO, succeeding Kaz Hashimoto, who has resigned as CEO for personal reasons. Hashimoto will remain with the company as chairman of the board. Barton, who most recently has been the vice president and general manager of the Platform Tools business, was appointed by the company's board of directors and assumed the position immediately.
Hashimoto's resignation comes after three years at the helm of Cygnus. During Hashimoto's tenure, Cygnus has grown from a GNU-based services company to a provider of cross-platform embedded software development tools focused on leading edge 32-bit microprocessors. In March 1997, Cygnus secured an investment of $6.25 million in venture capital from August Capital and Greylock Management. In 1997, San Jose Business Journal ranked Cygnus the 53rd fastest growing privately held company in Silicon Valley, up from 92nd in 1996.
Barton joined Cygnus in 1996. Prior to that, he served as a management consultant to high-technology clients in McKinsey & Co.'s Silicon Valley office. Barton earned his bachelor's degrees in industrial engineering and history, as well as his MBA, from Stanford University.
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