Cray names CFO amid accounting issue

Brian Henry takes over as Cray's CFO while the supercomputer maker tries to keep its stock from being delisted from the Nasdaq market.

Stephen Shankland principal writer
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Stephen Shankland
Brian Henry has taken over as Cray's chief financial officer as the supercomputer maker grapples with the possibility that its stock will be delisted from the Nasdaq market. Cray announced the appointment Monday. Henry, who most recently was CFO of Onyx Software, replaces Scott Poteracki, who left in October to become CFO of MTI Technology.

Earlier in May, Nasdaq informed Cray that it no longer meets requirements to be listed on its Nasdaq National Market because of the company's "failure to include the auditor's opinion on management's assessment of internal control over financial reporting" as required by the Sarbanes-Oxley Act. Cray appealed the finding but, in the meantime, it trades under the ticker symbol CRAYE instead of CRAY.