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CreekPath Seeks New CEO

CreekPath Systems Inc. CEO Dennis Grant is stepping down as chief executive and becoming chairman of the board.

The SRM startup now has an interim CEO: Steven West, founder of Emerging Company Partners and former CEO of Hitachi Data Systems (HDS). West, who also sits on the board of Cisco Systems Inc. (Nasdaq: CSCO), will help with the search for Grant's replacement.

With the title change, Grant will take on a more strategic role and relinquish day-to-day duties, says a company spokeswoman. Grant became CEO in November 2002 and has since served on the company's board. CreekPath's previous chairman, Mark Perry, representing VC firm New Enterprise Associates, will remain a member of the board. No other board changes are being made.

"This doesn't smell good," says Kaushik Roy, analyst at Susquehanna Financial Group. "It seems like [Grant] is getting pushed out of operations. Otherwise, they would have already groomed a new CEO internally or decided on one from the outside."

Meanwhile, other changes at CreekPath are afoot. The company laid off employees a few weeks ago, but spokespeople would not say how many. Among those departing recently is VP of marketing Scott Hansbury, who was eventually replaced by new SVP of marketing and business development, Swamy Viswanathan (see CreekPath Appoints New SVP).

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