Quarterdeck Corp's ongoing restructuring has now seen its president and CEO Curt Hessler join the ranks of departing managers.
Hessler said he brought in many of the managers that have had to leave the company and it seemed fitting to depart alongside his erstwhile colleagues, although he continues to have an advisory position.
He explained: "Leading this fine company has been a great privilege, but at this point I can do more at lower cost for Quarterdeck from an advisory role."
The company is looking for cost savings across the board and warned last month that it will report a loss for the quarter to June 30. The PC utility company will provide more details of management and cost reductions on July 30, along with its gloomy financials.
King Lee, a member of Quarterdeck's Board of Directors, has been appointed interim president. He commented, "We're not a $100 million company [and] we'll pay a lot less for a CEO."
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