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Short Take: Former Verity CEO leaves board

Verity, which makes tools for searching and filtering information over the Internet, announced that its former chairman and chief executive, Philippe Courtot, has resigned from the board of directors. He was replaced as chief executive by Gary Sbona earlier this month. Courtot's departure from the board follows the recent resignation of Dominique Trempont, former chief operating officer of Next Software. The company's earnings have lagged behind Wall Street's expectations.

Verity, which makes tools for searching and filtering information over the Internet, announced that its former chairman and chief executive, Philippe Courtot, has resigned from the board of directors. He was replaced as chief executive by Gary Sbona earlier this month. Courtot's departure from the board follows the recent resignation of Dominique Trempont, former chief operating officer of Next Software. The company's earnings have lagged behind Wall Street's expectations.