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Software company president mum on reasons for resigning

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CARY, N.C. — The executive hired a year ago to lead the largest privately held software company has resigned.

Andre Boisvert confirmed Friday that he had resigned as president and chief operating officer at SAS Institute. He declined to comment on his reasons for leaving.

Boisvert's departure follows that of a number of SAS executives who have left in recent months.

Marianna Suciu, former president of SAS Americas, and Stephen J. Wiehe, senior director of strategic investments and mergers and acquisitions at SAS, resigned for posts at publicly-traded technology companies in the past month.

Boisvert was hired last February as vice president of business development and strategic investments. He was promoted in September to president and chief operating officer. He had previously held posts at IBM and Oracle in his long technology career.

Founder, chairman and chief executive officer Jim Goodnight last spring announced his intention to start selling SAS stock to the public within 18 months. Boisvert said earlier this year that goal would be delayed until 2002.

His departure raises further questions about SAS' timetable for going public.

SAS topped $1 billion in sales in 1999 and has not yet released its 2000 sales. Goodnight predicted last year that revenue would reach $2 billion by 2003 and $3 billion by 2005.

Goodnight said earlier last week that he would take on Suciu's role for SAS through the end of the year. He said at the time that there had been enough "internal turmoil" and he thought a familiar face would "calm things down."