Fusion-io (FIO -22.7%) CEO David Flynn and CMO Rick White "were forced out by the board," a...
May 8 2013, 14:53 ET
Fusion-io (FIO -22.7%) CEO David Flynn and CMO Rick White "were forced out by the board," a source tells SiliconAngle. "They were founders with immense control and the board didn’t like that ... This is a shock to employees." Meanwhile, Piper's Andrew Nowinski, a long-time FIO bull, is worried the company could lose Facebook as a client, given the relationship has depended on management ties. Nonetheless, he calls the shakeup "a necessary step needed to drive further penetration of the enterprise market." New CEO Shane Robison is being praised for his enterprise chops, and criticized for his role in a string of failed H-P acquisitions.