Informix has appointed Robert Finocchio president and chief executive officer, hoping he will return the loss-making database vendor to profitability.
Finocchio, 46, who most recently was president at 3Com, will also join Informix's board of directors. The Informix board will continue to be led by the current chairman, Phillip White, who is being replaced as president and CEO by Finocchio, company executives says.
In a statement, White said that Finocchio's appointment will let him focus on ensuring that Informix has the right relationships and partnerships to carry out its strategy for a return to profitability.
As president of 3Com, Finocchio managed 10 divisions encompassing more than 4,000 employees, with his responsibilities including worldwide end-user sales, customer service, systems marketing, systems manufacturing, and systems finance.
Finocchio began his career at The Bank of America in 1975. From 1978 he held a number of senior finance, service, sales, and marketing positions at Rolm Corp. He joined 3Com in 1988 as vice president of sales, marketing, and services.
Last month Informix Software Inc., the company's operating unit, said it would reduce its worldwide staff of 4,400 by 10%, with nearly 200 of the cuts coming in Europe.
In late May, Informix laid off 100 staffers in the U.S. and cut another 60 jobs in Japan. The company warned that more job cuts might be imminent. Several weeks earlier, the company reported that it had lost US$140 million in its first fiscal quarter.
Informix is expected to release second quarter results next week.