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TWO DELTEK VPS OUT

Carolyn ParentDeltek squeezed out two veteran VPs this week to make way for a reorganization to better meld two acquired businesses, Maconomy and Input, into the company.  EVPs Richard Lowrey and Carolyn Parent both resigned jobs that they had held just over a year. They are departing on April 1. At the same time, Hugo Dorph, former Maconomy CEO, is being brought to the United States for two years in the new role of EVP GM for architecture and engineering and professional services. Deltek also named Catherine Morales as EVP and GM of Input, according to SEC documents.

However, the Deltek website shows her title as EVP and GM of Deltek Information Systems, an apparently new unit which has responsibility for Input and the company’s GovWin operations. Morales spent five years at Reed Elsevier where she was SVP, government markets. Dorph gets a base salary of $417,478 a year and Morales’ base is $310,000. Lowrey and Parent each made $325,000 in base pay for 2009, the last year for which information has been published. Parent had been EVP of worldwide sales until she was made EVP of GovCon early in 2010 and Lowrey had been EVP of products and strategy from June 2006 until February 2010 when he was made EVP Engineering. Deltek was in cost-cutting mode since it said in 2010 there was an additional $9.7 million in sales and marketing expenses and $7.7 million in R&D expenses, largely as a result of the additional personnel at Maconomy and Input. The amount added in general and administrative was less clear because several other factors were cited as contributing to increased spending in that area. Deltek's form 10-K said it recently reduced headcount because of the Maconomy and Input acquisitions, but gave no details. It said there would be a restructuring charge in 2011 to cover these changes.
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