Violin Memory Inc. (fka VMEMQ)

[eastunder]

Yes eastunder was very helpful indeed and he knows his stuff well.

He? He? Don't insult me. ;) (jk)

It's 'She knows her stuff' which is debatable.

According to David Walrod, chairman of Violin's nominating and corporate governance committee, "The Board believes this leadership change is necessary to enhance the management team's operational focus and ability to execute the Company's plans for profitable growth."

http://www.fool.com/investing/general/2013/12/16/why-violin-memory-shares-skyrocketed.aspx

The market seems to like that concept... Out with the old and bring in the new and have someone qualified to babysit the position for the meantime.


Who is running the show in the meantime?

Violin Memory Appoints Howard Bain III As Interim CEO - Quick Facts


By RTT News, December 16, 2013, 12:16:00 PM EDT


(RTTNews.com) - Violin Memory, inc. ( VMEM ) announced that Howard Bain III, Chairman of the Violin Memory Board of Directors, has been appointed interim Chief Executive Officer or CEO, effective immediately. Bain will remain Chairman of the Board.

The company said that Bain's appointment follows the decision of the Board of Directors to terminate Donald Basile as Chief Executive Officer.

The Violin Memory Board of Directors has initiated a search process and retained an executive search firm to identify a permanent CEO, Violin said.

Commenting on Bain, the company said he has served as Chief Financial Officer at several public companies, including Portal Software, Inc., Vicinity Corporation, Informix Corporation and Symantec Corporation. He has significant industry experience having served in senior management positions at various technology companies in the areas of semiconductor devices and manufacturing equipment, laser-based large screen projection systems, and computer disk drives.


Read more: http://www.nasdaq.com/article/violin-memory-appoints-howard-bain-iii-as-interim-ceo---quick-facts-20131216-00695#ixzz2nrJtByCW