Fusion-io’s two co-founders, CEO David Flynn and chief marketing officer Rick White, up and quit Wednesday sending the company’s stock into a nosedive, down better than 26% to $13.29 at noon, a record low.
They are off to turn early-stage investors.
Fusion board member, Shane Robinson, 59, the former chief strategy and technology officer of Hewlett-Packard, blamed, among others, for its disastrous acquisition of UK search company Autonomy, has been named CEO, president and chairman, effective immediately.