WANdisco's CEO dances off

Enterprise replication software house WANdisco has had its CEO, Dave Richards, suddenly resign.

Non-exec chairman Paul Walker is interim CEO and a CEO search process has been initiated, so the departure is unexpected.

Richards said in a canned quote: “The business is now at an appropriate juncture, place and scale for a new person to take on the CEO role and drive the company to its next level of achievement.”

He wishes everyone at WANdisco wellbut says nothing about what he’s going to do next.

Walker’s canned quote said: “We have a strong product, perfectly adapted to meet today’s Big Data challenges and we are able to take that product to customers globally, using the international software business David has helped to build as a platform.”

WANdisco says trading is in line with expectations; there is a good pipeline of bookings and cash costs continue to decline, which with the new equity funding secured in June has enabled WANdisco to remain on a path toward cash flow break-even. ®

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