After only a month as president and CEO of NICE Systems (Nasdaq: NICE) Moshe Ronen has decided to leave the company.
An analyst, who didn't want to be identified, played down the implications, considering the company's founder and chairman, Benny Levin, has continued to act as CEO and president over the past month anyway.
Shares in the maker of computer telephony integration products were down 2 to 60 1/8 Tuesday following the news. The company's stock has remained strong after it surprised analysts with stronger than-expected first quarter earnings.
Ronen said in a statement he was resigning "due to a different view of management responsibilities." Analysts said the two executives just couldn't agree on how to manage the company, and differentiate their roles.
Ronen joined NICE as president and chief executive officer on May 1. Benny Levin is resuming the CEO duties at the request of NICE's board of directors. The company said a search for a new president and CEO would begin immediately.
Though investors are likely to question the move, there shouldn't be a major negative reaction as they realize its not a big deal, the analyst said.
The company's top competitors include Witness Systems (Nasdaq: WITS), Racal Electronics and Comverse Technology (Nasdaq: CMVT).