Software maker i2 Technologies will replace its chief financial officer at the end of the year, the company said Friday. Bill Beecher, a seven-year i2 veteran, will step down as CFO on Jan. 1 following an accounting issue that led the company to restate earnings. The company's accounting problems are currently under investigation by the Securities and Exchange Commission, and its shares have been delisted from the Nasdaq stock exchange. Replacing Beecher is Katy Murray, the company's principal accounting officer.
Beecher's departure is a positive development for the company, said JMP Securities analyst Pat Walravens. "Many investors wanted to see some additional changes in the senior management team at i2," Walravens said in a note.