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Clarke will wear both hats within the company while the board of directors looks for a permanent CEO and new CFO.
The company also forced the resignation of the senior vice president of worldwide sales, Stephen Richards, who was replaced by Greg Corgan in the position. In a conference call with investors and reporters Monday morning, board chairman Lewis Ranieri said with the current team in place, he doesn't feel compelled to rush the search for permanent replacements.
"Sanjay [Kumar] has built a terrific team and board has augmented it with Ken [Cron] and promoting Jeff [Clarke], so we have no sense of crisis, and as a result want to do this search well, rather than quickly," he said...
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