CHANTILLY, VA – Online Resources Corp. (Nasdaq: ORCC), a provider of online financial services, has named Joseph L. Cowan president and CEO.
He succeeds interim CEO John C. Dorman, who will continue as chair of the company’s board.
Cowan brings to Online Resources a proven track record in executive management in technology companies, including significant experience in repositioning companies for sustainable growth. Most recently, he served as chief executive officer of publicly owned Interwoven, an enterprise content management software company. At Interwoven, Cowan achieved record financial performance, growing revenue from $200 million to $260 million and operating profit margins from 11 percent to 19 percent over a two-year period.
Prior to Interwoven, Cowan was chief executive officer of Manugistics Group, a publicly owned supply chain management software company.
Cowan also served as president and chief executive officer of EXE Technologies, and in management positions at Invensys, Wonderware, Texas Instruments, Eurotherm Corp. and Monsanto.
Online Resources powers financial interactions between millions of consumers and the Company’s financial institution and biller clients.