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July 19, 2002
Robert Youngjohns
CEO, Callidus
"Robert has given this move a lot of thought and ultimately decided the time was right for him to realize his goal of leading a company," Sun President Jonathan Schwartz said in the memo.
Youngjohns was named head of sales at Sun in July 2002. He held the post until he was replaced two years later by Robert MacRitchie, and became executive vice president of strategic development and of Sun's financing unit.
Most recently, he led initiatives such as Sun's utility pricing service, in which the company charges $1 per processor per hour to use a bank of Sun computers.
During his years leading Sun's sales, the Santa Clara, Calif.-based server and software company saw consistent declines in its quarterly revenue, which had boomed during the dot-com era. Revenue growth returned during his last quarter in the job, but it shrank again during the most recent quarter.
Stuart Wells, who joined Sun in 1988, will take Youngjohns' post. Wells will report to Schwartz, Sun said in a statement Thursday.
See more CNET content tagged:
Callidus Software Inc., Sun Microsystems Inc., Jonathan Schwartz, financing, software company
- Riddle me this: How come failures like this are rewarded?
- I don't get it. The guy presides over two years of disaterous revenue results, and gets rewarded with a CEO job. What am I missing here? Why is it these top level folks can fail so badly and then end up rewarded so handsomely?
- Like this Reply to this comment
- Riddle me this: How come failures like this are rewarded?
- I don't get it. The guy presides over two years of disaterous revenue results, and gets rewarded with a CEO job. What am I missing here? Why is it these top level folks can fail so badly and then end up rewarded so handsomely?
- Like this Reply to this comment
