Baan in troubled times
The Dutch business software maker is seeing rough times as it looks for a turnaround yet to come. After projecting a wider-than-expected fourth-quarter loss that sent shares tumbling earlier this month, CEO Mary Coleman jumped ship. Now CFO James Mooney is also stepping down.
latest developments |
Baan is seeing rough times as it looks for a turnaround that has yet to come. After projecting a wider-than-expected fourth-quarter loss that sent shares tumbling earlier this month, CEO Mary Coleman jumped ship. Now CFO James Mooney says he is also stepping down. "Mary Coleman was one of the very few bright lights at the company. She's a proven software entrepreneur and I thought if anyone had a chance of turning (Baan) around, Coleman would." - Douglas Crook, Prudential Securities financial analyst |
| Baan loses another executive A little more than a week after the Netherlands-based business software company's CEO jumped ship, Baan chief financial officer James Mooney says he is also stepping down. Previous coverage
Ex-Baan chief takes San Francisco post
Investors question Baan's survival
Is the enterprise resource planning market dead?
Profit warning, CEO resignation hit Baan
Baan chief leaving as problems mount |