Fran Rooney has resigned as chief executive officer and deputy chairman of Baltimore Technologies. While the company searches for a replacement, chief financial officer Paul Sanders will act as interim CEO.
Baltimore also appointed two new non-executive directors: David Guyatt, former CEO of Content Technologies, which was acquired by Baltimore Technologies last year, and Bijan Khezri, a Baltimore director from 1998 to 2000.
Acting CEO Sanders said: "Our key priority for the immediate future is a major restructuring of the company and we will update the market with details when we announce our second quarter results in August."
About Paul Sanders
Sanders joined Baltimore in December 2000. Prior to this he was group finance director of SSL International. He joined Seton Healthcare Group as group finance director in 1997.
In 1999, Sanders played a central role in the merger of Seton Scholl Healthcare and London International Group.
As an executive with Arthur Andersen, he worked with major clients, including Airtours, Sharp Electronics and United Utilities. Sanders is a qualified chartered accountant, with a BSc First Class in Mathematics from Liverpool University and a Doctorate in Mathematics from Oxford University.
About David Guyatt
Guyatt is an entrepreneur, presently with investments and founding directorships in two start-ups, namely Extend Technologies and Whisper2U.
Guyatt co-founded Content Technologies, serving as CEO from November 1997 until the acquisition by Baltimore in October 2000. Previously he was managing director of the MIMEsweeper product division within Integralis.
Between 1992 and 1997, Guyatt served on the board of Integralis as sales and marketing director, having joined in 1990 as a sales manager.
Before joining Integralis, he worked in the ASIC division of Racal Microelectronics and as a sales manager at Marconi speech and information systems. Guyatt is a qualified electrical engineer and computer programmer.
About Bijan Khezri
Khezri is a corporate financier who has a wide range of business interests. Since 1998, Khezri has been an investor and a member of the board of Jetter AG, an ethernet-based industrial automation company listed on the Frankfurt Stock Exchange.
In November 2000, Khezri joined the board of UK-based Rubus. He is also a founding investor and member of the board of Despatchbox Ltd in the UK and Ukantoo Technologies in France.
Until recently, Khezri was an investor and board member of San Jose-based VPNet Technologies when the company was sold to Avaya Corporation. In addition, he sat on the board of Baltimore Technologies from 1998 until 2000.
About Baltimore Technologies
Baltimore develops and markets security products for e-business, the Internet and mobile commerce. It is a public company with dual listings on NASDAQ and the London Stock Exchange.