Novell Ousts CEO, Chief Financial Officer
From the Associated Press
Novell Inc. ousted its chief executive and chief financial officer in the latest effort to improve its lackluster performance and sagging stock price.
Jack L. Messman, the ousted CEO, and former finance chief Joseph S. Tibbetts Jr. led the software company as it shifted its focus in recent years from networking software to distributing the Linux computer operating system and providing related services.
Novell stock jumped 55 cents, or 9.2%, to $6.55 after the news.
Messman, 66, was replaced by Ronald W. Hovsepian, 45, who has been president since October. Tibbetts, 53, was replaced on an interim basis by Dana C. Russell, 44, vice president of finance and corporate controller.
