The doors at LibertyOne's executive exit have not stopped swinging, with chief financial officer Jack Surdoval resigning yesterday.
Surdoval's departure, after just nine months with the company, follows the resignation and swift replacement of managing director Graham Bristow by CEO Marcelle Anderson last week. Bristow's departure was preceded by the mass resignation of five executive staff from LibertyOne-owned web integration company Zivo.
In a statement issued late last night to the Australian Stock Exchange, LibertyOne said Surdoval had been hired in November last year to oversee the company's impending listing on the Nasdaq. Since the company decided to defer its US listing plans indefinitely, Surdoval left LibertyOne to "pursue other business interests", the statement read.
A LibertyOne spokesman said a replacement CFO had not been found yet, but said that the company expected to fill Surdoval's shoes "soon".
Anderson told IDG last week that the Zivo staff had resigned because they disagreed with structural changes in company management. According to sources, the Zivo staff resigned because they refused to sack Zivo employees at Anderson's bequest.
The LibertyOne spokesman refused to comment on speculation that funding difficulties could see further staffing cuts within the LibertyOne/Zivo partnership.