IRVINE, Calif. -- TigerLogic Corporation (NASDAQ:TIGR) announced today that Richard W. Koe, Chairman of the Board of Directors of the Company, has been appointed interim President and Chief Executive Officer following the resignation of Carlton H. Baab, effective immediately. Mr. Baab also has resigned from the TigerLogic Board of Directors and has agreed to serve as a consultant to the Company to ensure a smooth transition. Mr. Koe will retain his role as Chairman while serving as interim CEO. The Company intends to initiate a search for a permanent President and Chief Executive Officer.
"On behalf of the Board of Directors, I want to thank Carlton for all the contributions he has made over the past 7 years," said Mr. Koe. "He has brought tremendous operational expertise to bear on all aspects of the company, organizing and streamlining the business, and strengthening our finances to well position the Company for new growth opportunities. His leadership has helped guide the Company through a range of challenges and accomplishments and we are pleased that he has agreed to remain as an advisor to the Company. We wish him success in his future endeavors."
"I am proud of what we have been able to achieve during my tenure at TigerLogic, however I look forward to the opportunity to pursue my other interests," said Mr. Baab. "I continue to believe in the Company's products and business prospects and will assist in the successful transition to my successor."