Close
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News

      Kana CFO Abruptly Steps Down

      By
      Dennis Callaghan
      -
      May 9, 2002
      Share
      Facebook
      Twitter
      Linkedin

        CRM software developer Kana Inc. announced on Thursday that its CFO, Brett White, has left the company, less than a year after taking the position.

        White said in a statement that he was leaving to focus on “family and new endeavours,” but the abrupt nature of his departure and the lack of any comment from Kana CEO Chuck Bay is stoking speculation on Wall Street that the companys financial picture may not be improving as much as its recent first quarter results would indicate.

        Company officials refused further comment.

        Kanas stock price fell nearly $2 in heavy trading on the news Thursday to close at $7.38. Joseph McCarthy, vice president of finance at Kana, will take over management of Kanas financial and accounting operations until a replacement for White is named.

        White joined Broadbase Software Corp. late last June, just five days before the company completed its merger with Kana. He succeeded interim CFO Art Rodriguez, who had begun a cost-containment program at Kana that White continued.

        White also oversaw a financial restructuring of the company begun under Rodriguez that saw Kana reduce its net loss to $6.8 million in the first quarter of this year from $752.9 million in the same period a year ago.

        The company reported a modest pro-forma profit in the quarter, a goal it had set when White first joined the company from defunct professional services company MarchFirst Inc., where he had been vp of field finance and operations.

        White previously was a vice president of finance at Oracle Corp.

        Rodriguez had succeeded Brian Allen, who had also cited personal reasons for his resignation in January 2001. Kana cut 220 jobs a week after Rodriguez took over, part of approximately 650 job cuts at the company in the first four months of last year. Kana also terminated its Kana Online service under Rodriguez.

        Dennis Callaghan
        Get the Free Newsletter!
        Subscribe to Daily Tech Insider for top news, trends & analysis
        This email address is invalid.
        Get the Free Newsletter!
        Subscribe to Daily Tech Insider for top news, trends & analysis
        This email address is invalid.

        MOST POPULAR ARTICLES

        Latest News

        Zeus Kerravala on Networking: Multicloud, 5G, and...

        James Maguire - December 16, 2022 0
        I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
        Read more
        Applications

        Datadog President Amit Agarwal on Trends in...

        James Maguire - November 11, 2022 0
        I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
        Read more
        IT Management

        Intuit’s Nhung Ho on AI for the...

        James Maguire - May 13, 2022 0
        I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
        Read more
        Applications

        Kyndryl’s Nicolas Sekkaki on Handling AI and...

        James Maguire - November 9, 2022 0
        I spoke with Nicolas Sekkaki, Group Practice Leader for Applications, Data and AI at Kyndryl, about how companies can boost both their AI and...
        Read more
        Cloud

        IGEL CEO Jed Ayres on Edge and...

        James Maguire - June 14, 2022 0
        I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
        Read more
        Logo

        eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

        Facebook
        Linkedin
        RSS
        Twitter
        Youtube

        Advertisers

        Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

        Advertise with Us

        Menu

        • About eWeek
        • Subscribe to our Newsletter
        • Latest News

        Our Brands

        • Privacy Policy
        • Terms
        • About
        • Contact
        • Advertise
        • Sitemap
        • California – Do Not Sell My Information

        Property of TechnologyAdvice.
        © 2022 TechnologyAdvice. All Rights Reserved

        Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

        ×