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10/07/2001
HEAD OF BALTIMORE TECHNOLOGIES RESIGNS
FRAN Rooney, has announced his resignation from the post of Chief Executive Officer (CEO) at Baltimore Technologies.
As founder of the Irish Internet security firm, which has been struggling recently as a result of poor trading figures and falling share prices, Mr Rooney said he had decided to resign in order to pursue other interests outside the company.
Chief Financial Officer Paul Sanders will now act as interim Chief Executive but will also continue to retain his own responsibilities. The Company are to commence their search for a new CEO straightaway.
Only last week, Baltimore said it would be cutting a significant number of jobs. In May, the group also said it was extensively reviewing its operations and the way it marketed its products because of the "changing economic climate".
Baltimore Technologies develops and markets security products and services to enable companies to develop trusted, secure systems for e-business, the Internet and mobile commerce. (MB)
As founder of the Irish Internet security firm, which has been struggling recently as a result of poor trading figures and falling share prices, Mr Rooney said he had decided to resign in order to pursue other interests outside the company.
Chief Financial Officer Paul Sanders will now act as interim Chief Executive but will also continue to retain his own responsibilities. The Company are to commence their search for a new CEO straightaway.
Only last week, Baltimore said it would be cutting a significant number of jobs. In May, the group also said it was extensively reviewing its operations and the way it marketed its products because of the "changing economic climate".
Baltimore Technologies develops and markets security products and services to enable companies to develop trusted, secure systems for e-business, the Internet and mobile commerce. (MB)
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