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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.

Tough times continue at software maker Baan.

Just a little more than a week after the Netherlands-based business software company's chief executive officer jumped ship, Baan's chief financial officer James Mooney today said he is also stepping down.

Mooney is leaving the company to pursue other opportunities following a transition period, the company said.

Baan appointed Robert Arnold Ruijter to replace Mooney as CFO. Ruijter previously served at Royal Philips Electronics in the Philips Lighting division as CFO and executive vice president.

"Rob Ruijter brings to Baan Company a proven track record in efficiently managing the financial affairs of multinational corporations and effectively guiding organizations through times of transition," Pierre Everaert, interim chief executive officer of Baan, said in a statement. "In the challenging environment facing this company, to be able to attract someone of Rob's caliber and breadth of experience sends a strong signal of confidence to our investors, customers and employees."

Baan has seen rough times of late as it looks for a turnaround that has yet to come.

The company makes software that automates a company's back-office business needs, including financials, logistics, order entry and accounting.

Baan's competitors in the enterprise resource software business have also lost key executives recently. PeopleSoft founder Dave Duffield left his post as chief executive last September but remained as board chairman. A host of senior executives have left German software giant SAP in the past year, including SAP America president Jeremy Coote.