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Maranti's Minus a CEO

Maranti Networks Inc. has quietly bid adieu to CEO Debbie Miller after ten months on the job.

Former engineering VP James Kuenzel replaced Miller as president, but the company is without a CEO and in no apparent hurry to find one (see Maranti Names New President).

One source familiar with the company says its priority is finding money because it has almost burned through most of the $57 million raised over three rounds since 2000. It appears they are just about out of money,” the source says. “They need funding ASAP.”

Maranti did not announce Miller’s departure as CEO and president, which comes amid whispers that venture capitalists behind the startup wanted a change. Calls and emails to Maranti’s San Jose, Calif.-based office went unreturned, but one executive sent word through an outside spokesman that Miller has left.

“Debbie Miller has transitioned out of Maranti,” the spokesman says. “There is no CEO or any active search going on.”

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