Pegasystems Announces Resignation of Chief Financial Officer

CAMBRIDGE, Mass. – November 13, 2015 – Pegasystems Inc. (NASDAQ: PEGA), the software company empowering the world’s leading enterprises with strategic business applications, today announced that Rafe Brown, Chief Administrative Officer, Chief Financial Officer and Senior Vice President has resigned to become Chief Financial Officer at a private technology company.  The company has begun a search for a permanent successor.  

Mr. Brown will remain with the company through November 30, 2015 to facilitate a smooth transition of duties.  After November 30 and until his successor is appointed, Max Mayer, Senior Vice President of Corporate Development, will assume the responsibilities of Chief Administrative Officer.  Mr. Mayer has been with Pega since 2004 and held the position of Chief Adminstrative Officer for the 12 months prior to Mr. Brown’s appointment.

“On behalf of Pega, I want to thank Rafe for all he has contributed to the company and wish him well in his new position,” said Alan Trefler, Pegasystems Founder and CEO.  “I have great confidence in the team we have in place that has supported our strong growth during Rafe’s tenure.”

“This was a tough decision to make, but one that is right for me and my family at this time,” said Mr. Brown.  “I have great respect for and confidence in Pega and its management team.  It has been an honor to be part of the company’s success over the last two years and to help drive strong execution against our goals.”

About Pegasystems

Pegasystems Inc. is the leader in software for customer engagement and operational excellence. Pega’s adaptive, cloud-architected software – built on its unified Pega Platform™ – empowers people to rapidly deploy, and easily extend and change applications to meet strategic business needs. Over its 35-year history, Pega has delivered award-winning capabilities in CRM and digital process automation (DPA), powered by advanced artificial intelligence and robotic automation, to help the world’s leading brands achieve breakthrough business results. For more information on Pegasystems (NASDAQ: PEGA) visit

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The information contained in this press release is not a commitment, promise, or legal obligation to deliver any material, code or functionality. The development, release and timing of any features or functionality described remains at the sole discretion of Pegasystems, Pegasystems specifically disclaims any liability with respect to this information.


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