October 10, 2016 / 9:41 PM / in a year

BRIEF-Progress announces CEO succession

Oct 10 (Reuters) - Progress Software Corp

* Progress announces CEO succession

* Says CEO Phil Pead to retire

* Progress Software Corp - Phil Pead to retire as CEO; will remain on board

* Progress Software Corp - Yogesh Gupta named CEO

* Progress Software Corp says prior to joining progress, yogesh gupta was president and chief executive officer of kaseya, inc

* Progress Software Corp - reaffirming its guidance for fiscal quarter and year ended november 30, 2016 Source text for Eikon: Further company coverage:

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