Hyperion Software?s shares have been hit by the news that Peter DiGiammarino, president and chief operating officer, has left the company after a "difference of opinion" with the board of directors.
Jim Perakis, Hyperion?s chairman and chief executive, will resume day-to-day running of the the budgeting and accounting software supplier.
Matthew Goldsborough, Hyperion?s European marketing director, said: ?DiGiammarino left due to a difference of opinion on the future strategy of the company. The majority of the board made a decision that he didn?t agree with, so he left last week. The situation with the share price is because the Stock Market doesn?t like elements of uncertainty and there?s a lot of uncertainty in the software and applications market at the moment.?
The company?s share value has fallen consistently from mid-February when it stood at around $22 to around $15 per share now. The price dropped $2 on the news of DiGiammarino?s departure.
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