The beleaguered data firm WANdisco is set to appoint the businessman Stephen Kelly as interim chief executive, it announced on Tuesday.
Kelly previously served as chief executive of the software companies Chordiant, MicroFocus, and most recently, FTSE100 constituent Sage, until 2018.
Sheffield-based WANdisco suspended trading on the London Stock Exchange in March after an internal investigation found that $15 million of revenues and $115 million of sales last year had been fabricated.
Former chief executive David Richards and chief financial officer Erik Miller stepped down in April.
The firm previously said that an external investigation by FRP Advisory had linked the sales booking to a single senior sales employee and that "all other purchase orders" from other employees were legitimate".
Last week, the company announced it would slash its headcount by nearly a third amid an ongoing probe.
The company's chair Ken Lever, who was brought in to oversee the company's turnaround after the departure of Richards and Miller, will resume his position as interim non-executive chairman, WANdisco said.
Kelly will take over as interim chief executive on May 10. The company said it intends for Kelly to be appointed permanent chief executive when the suspension of the company's shares is lifted.
https://www.cityam.com/london-tech-grandee-lined-up-to-lead-embattled-wandiscos-recovery-effort/
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Wayne Schulz
wayne@s-consult.comSchulz Consulting
(860) 516-8990
Moodus, CT
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