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Gadzoox names more new execs amid turmoil

The Storage network hardware maker replaces two more high-level executives in the wake of financial problems and the arrival of a new chief executive.

Storage network hardware maker Gadzoox has replaced two more high-level executives in the wake of financial problems and the arrival of a new chief executive.

Clark Foy has taken over as vice president of marketing, replacing Dave Tang, the company said. JoAnn Rogers has been named vice president of human resources, replacing the former director of human resources, Cynthia Jordan.

The moves come amid turmoil at the company.

On Monday, the company was forced to restate earnings because of an accounting change resulting from an unnamed "affiliated shareholder" who traded Gadzoox stock during a particular time. The trade required Gadzoox to change the accounting method by which it acquired another firm, SmartSAN.

On Tuesday, Gadzoox named Michael Parides president and chief executive, replacing Bill Sickler, who resigned. Parides previously was group vice president of the storage, computer systems, software and document management group at Gartner's Dataquest division.

Foy was vice president of marketing for hard disk maker Quantum's high-end storage division.

Rogers previously worked at Network Computing Devices.

Gadzoox is based in San Jose, Calif., and makes routers, switches, hubs and other products for storage area networks, centralized high-speed storage systems that are most popular at large corporations. The company currently has 234 employees and is hiring more, spokeswoman Terri Hamilton said.