As IPO looms, software CEO cedes her post

Article Abstract:

CrossWorlds Software Inc. has announced that Katrina Garnett, founder, president, and CEO, will become board chairman. Fred Amoroso, who headed Asia Pacific Global Services unit, for IBM, will succeed her. CrossWorlds has raised $25 million in its latest round of pre-initial public offering financing. Ms. Garnett, and her husband, Terence, own about 40% of the company. The offer to Mr. Amoroso included 1.8 million CrossWorlds stock options. CrossWorlds is said to have sold its software service to 12 customers, with 8 more expected to adopt it soon. A competitor, Active Software claims 91 firms are using its software.

Prepackaged software, Computer Software, Software Publishers, Executive changes & profiles, Management, Computer software industry, Software industry, Software, Human resource management, Appointments, resignations and dismissals, Company personnel management, CrossWorlds Software Inc., Garnett, Katrina, Amoroso, Fred

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Federated warns talent poachers off its turf

Article Abstract:

Federated Dept. Stores Inc. means business when it says it is tired of losing its rising stars to other companies. To make its point, the company is sueing Herbert Mines Associates Inc., an executive search firm that took Matthew Serra, still under a four-year contract with Stern's Dept. Stores, and placed him at Foot Locker Worldwide. Others the company has lost are Robert DiNicola to Zale Corp. and Myron Ullman to DFS Group.

Comment:

Company is sueing a New York-based headhunter

Legal issues & crime, Department Stores, Cases, Retail industry, Retail trade, Abstract, Executive search firms, FD, Macy's Inc.

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