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JD Edwards CEO quits

By Tony Hallett

Published: 11 April 2000 11:08 BST

JD Edwards has become the latest vendor of enterprise resource planning (ERP) software to lose its head.

Following poor sales figures, CEO Doug Massingill has resigned, and is replaced by founding CEO Edward McVaney.

The vendor's stock took a battering on the Nasdaq Monday, closing down 21.6 per cent.

JD Edwards isn't alone in having leadership difficulties - rival ERP players Baan, PeopleSoft and SAP have all lost CEOs recently.

For related news see:
'Ipega Group buys JD Edwards ERP system' http://www.Silicon.com/a36272
'JD
Edwards and Andersen launch ASP in Europe' http://www.silicon.com/a35601
'JD
Edwards' profits down - but beats analysts' expections' http://www.silicon.com/a34431

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