Troubled software maker General Magic (GMGC) has lost its chief financial officer.
John Zimmerman, who served as CFO and senior vice president for finances and administration, has stepped down to pursue other interests, according to the company. Steve Markman, General Magic chairman, president, and chief executive, will assume Zimmerman's CFO duties, the company said today.
Other management changes at the Sunnyvale, California-based company include the appointment of Robyn R. Cerutti as company controller. Cerutti, who served as chief financial officer of Swan Instruments, will report to Markman.
Kevin Surace was appointed of vice president and general manager. Surace, who has worked in the telecommunications industry for several years, is charged with developing General Magic's telephony business plan, the company said.
General Magic has been battered by a series of setbacks this year. AT&T reduced its ties to the company and Sony killed its plans to make a handheld computer using the company's Magic Cap operating system.
In October, General Magic announced plans to cut 28.6 percent of its workforce, bringing its total employment to 200 regular and contract workers.
Google Play: We've cracked down on bad apps: Google says it rejected at least 55 percent more app submissions in 2018.
The best meal kit delivery services: Are you an enthusiastic cook with not enough time? These services can help.
Discuss: Another Magic disappearance
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.