By Sonya Rabbitte, 19 July 2001 17:00
NEWS Ariba has reinstated ex-CEO Keith Krach just three months after ousting him in a management reshuffle. Krach left his position at the end of April, after the proposed Agile merger broke down and was replaced by Ariba's COO - at the time - Larry Mueller, whose departure was announced today. Krach is back on an interim basis as the troubled B2B vendor searches for a permanent replacement. No explanation has been given for Mueller's sudden departure, but in a statement, Ariba said it needed to 're-energise' to gain the confidence of shareholders and customers. The company has also reported its third quarter results today, which surpassed lowered expectations. Revenue was up six per cent on last year to $85.3m. However, pro forma net loss also increased to $26.1m at ten cents per share, up from $11.3m at five cents per share in the same period last year.
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