PSC announced the appointment of software technology executive Jay Bhatt as President and CEO effective December 5, 2011.  According to the press release, Mr. Bhatt will also be elected to the Progress Software Board of Directors.  Michael Mark, Chairman of the Board commented: "We are delighted to welcome Jay Bhatt to Progress Software.  Jay has successfully driven the strategy and day-to-day operations of Autodesk's largest vertical business unit for the past eight years.  The Progress Board of Directors is in unanimous agreement that Jay has the right combination of experience, skills and talent to lead Progress Software and drive the company's strategic vision and execution."Prior to joining Progress Software, Mr. Bhatt was responsible for Autodesk's global Architecture, Engineering, and Construction Solutions Division.  In his role, Mr. Bhatt had responsibility for software development, marketing, product management, product design, business development, marketing, product management, product design, business development, finance and human resources. Prior to this role, Mr. Bhatt led Autodesk's Corporate Development, Business Development and Strategy functions, and was responsible for driving M&A, strategic partnerships and corporate strategic planning. Mr. Bhatt received a Bachelor of Arts degree from the University of Pennsylvania, and a Juris Doctor degree from the University of California, Los Angeles (UCLA) School of Law.

Richard D. Reidy, who announced on August 1, 2011 that he would leave Progress Software once a successor was found, will step down as President and Chief Executive Officer and as a member of the Progress Software Board on December 5th.