Meru Networks Replaces CFO

Meru Networks (NASDAQ: MERU  ) isn't wasting any time in finding a successor to one of its top executives. The company announced Monday it had appointed Brian McDonald to be its new CFO to replace the resigning Brett White. McDonald took up his position today, although White will remain at the firm through July 1 in order "to effect a smooth transition."

McDonald is a veteran CFO, having served in that position for a number of tech companies including eASIC, Advanced Analogic Technologies, and Monolithic Power Systems (NASDAQ: MPWR  ) .

According to an SEC filing submitted by the company, McDonald is to be paid an annual base salary of $305,000, and be eligible for stock and cash bonuses.

In the press release announcing the appointment, Meru Networks quoted CEO Bami Bastani as saying of McDonald that he "has demonstrated his ability to support the financial and operational requirements of rapidly growing companies."

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2483974, ~/Articles/ArticleHandler.aspx, 10/25/2014 2:27:52 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement