Clustering specialist Isilon has swapped its CEO and changed its CFO in a major management reshuffle.
Isilon also postponed its third-quarter results, which were originally scheduled for tomorrow.
Earlier today, the vendor announced that CEO Steve Goldman had been replaced by Isilon founder and CTO Sujal Patel. The company also confirmed the departure of CFO Stu Fuhlendorf. The firm's controller Bill Richter will serve as interim CFO until a replacement for Fuhlendorf is found.
"The board of directors directed that Isilon needed new leadership -- they believe that we have a great business opportunity, but to fully realize that, we needed change," says Jay Wampold, Isilon's senior director of marketing. "We have built a significant market around clustered storage, [but] we have had some execution issues that have hindered us from maximizing our possibilities."
The last few months have certainly been tough for Isilon, which went public in a blaze of publicity late last year, then failed to keep its momentum going.