Courtesy of Benzinga.
Rocket Fuel Inc.
(Nasdaq: FUEL), a leading provider of artificial intelligence (AI)
advertising solutions for digital marketers, announced today that J. Peter
Bardwick, Chief Financial Officer, has given notice of his intention to
resign as CFO to pursue other opportunities closer to his home and family.
Mr. Bardwick will continue to serve as CFO until the end of the Company's
third fiscal quarter of 2014 and will continue with Rocket Fuel in a
consulting capacity thereafter. Beginning on October 1, 2014, Ms. Bela
Pandya, the Company's Vice President of Finance, will serve as interim CFO
until a permanent replacement has been hired. The Company has engaged a
recruiting firm to assist in the search for CFO candidates.
"We would like to thank Peter for his contributions to Rocket Fuel's
exceptional growth and for helping to build a strong finance organization,"
said George John, Chairman and CEO.
"On behalf of the Board of Directors, I would like to thank Peter for his
dedication and stewardship of Rocket Fuel's financial team through an IPO, a
follow-on offering and its first major acquisition," said Ronald Codd,
Director and Chairman of the Audit Committee.
Mr. Bardwick stated, "It has been a personal and professional privilege to
work with Rocket Fuel's extraordinary team and I'm pleased to continue to
contribute by assisting with the CFO transition."
Rocket Fuel also reaffirmed the financial guidance for the third quarter and
full year of 2014 that it provided on its second quarter earnings call on
August 5, 2014.
Posted-In: News Guidance Press Releases
