Tech Industry

Borland hires new CFO

Borland names a new chief financial officer as part of its efforts to rebuild its management team.

Borland International (BORL) today named a new chief financial officer as part of the struggling toolmaker's efforts to rebuild its management team.

Kathleen Fisher, a former CFO and treasurer for Softbank Content Services, will serve as the new CFO. She replaces Paul W. Emery, who left the company last Friday.

The company declined to give details regarding Emery's departure.

Fisher is the latest executive to join the toolmaker, following recent appointments of a new chief technology officer and a vice president of domestic sales.

The management changes follow the appointment of new chairman and chief executive Delbert Yocam. Since his arrival last December, Yocam has been busy handpicking his executive team, said Vallee Hubbard, a company spokeswoman.

Fisher, who has 15 years experience with multinational computer and software companies, will also oversee the company's information systems and operations.

Borland last month reported a fourth-quarter net loss of $42.5 million and a 47 percent decline in revenues over year-ago figures. A portion of the loss included a $23.1 million restructuring charge for cutting 30 percent of its workforce.

In February, the company announced it planned to cut 300 positions as part of a global restructuring as it works toward a return to profitability in fiscal 1998.

Borland has also been selling businesses outside of its core tools development, such as the recent sale of its Open Environment consulting division.