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Xiotech Swaps Out CEO

Xiotech Corp. has replaced CEO Alain Andreoli with former StoneFly Networks Inc. CEO Casey Powell (see Xiotech Replaces CEO).

"I've decided to leave for personal reasons," says Andreoli. "There are no hard feelings."

Andreoli declined to discuss his future plans. When asked whether he was leaving for another company, he replied, "I would rather not comment on that."

A Xiotech spokeswoman similarly comments that Andreoli left to "pursue other interests" but did not give any more detail on his plans.

However, the stage had been set for some time. Powell says he was in talks with Xiotech's board for three weeks and decided to join the company over the weekend. He is now at Xiotech's Eden Prairie, Minn. headquarters making the rounds with employees.

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