Cormode Takes Leave As Symitar SystemsCEO

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SAN DIEGO - (06/30/05) Long-time Symitar Systems CEO BruceCormode has taken a leave of absence for health-related reasons,according to Jack Prim, CEO of Jack Henry, which owns Symitar.“We don't know yet whether he is leaving for good ornot,” Prim told The Credit Union Journal. “We hopehe'll be coming back, but we just don't know. He's been dealingwith this for a while, and it finally just got to the point wherehe needed to take a few steps back [from the business] to deal withthis.” Although there is no hard and fast end date forCormode's leave of absence, Prim suggested he expects Cormode willtry to make a decision about whether he'll be able to come backwithin 90 days. In the interim, the managers who had been reportingto Cormode are now reporting directly to Prim. The firm sentletters to customers informing them of the leave.

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