Qlik Technologies (NASDAQ:QLIK) will have a new CFO once July rolls around. The company said that Tim MacCarrick is to take up the post on July 1. He replaces Bill Sorenson, who announced his departure from the firm in February. The two men will temporarily work together to "ensure a smooth transition," according to a company press release announcing the news.
According to an SEC filing, MacCarrick will be paid a base salary of $375,000 annually and be eligible for an annual target bonus equal to $262,500.
MacCarrick is a veteran finance executive, having served in high-level positions for companies such as Crane and Xerox, at which he worked for 20 years. Most recently, he was CFO of global vendor finance for financial services provider De Lage Landen International, a subsidiary of Rabobank.
Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends Qlik Technologies. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.