Information security company BindView Development announced Wednesday that Edward L. Pierce would become the Houston-based company's new chief financial officer. Pierce, former CFO of Metamor Worldwide, is known as an acquisitions specialist and will lead BindView's "strategy to extend its leadership position," according to a statement.
BindView, which produces software to determine whether companies are vulnerable to security holes, is the latest company to appoint a new CFO. A torrent of CFOs have resigned in recent weeks from technology and e-commerce companies, as companies fail to meet Wall Street expectations, come under scrutiny from financial agencies or struggle to keep business plans afloat. BindView stock closed Wednesday at $2.84, down 69.8 percent since the beginning of the year and down 90.9 percent from its 52-week high.