Ariba promotes CFO to president and CEO

Business software maker Ariba Inc. promoted its chief financial officer (CFO), Robert Calderoni, to president and chief executive officer (CEO), the company said Wednesday.

Ariba has been searching for a new leader since July, when former CEO Larry Mueller abruptly stepped down after holding the position for less than three months. Ariba Chairman Keith Krach resumed his former CEO duties in the interim.

Calderoni will continue as CFO until a new financial officer is named, the company said. Calderoni is also joining the company's board of directors, replacing outside director Hatim Tyabji. Tyabji is retiring for health reasons, Ariba said.

Calderoni joined Ariba as its CFO in November 2000. Previously, he served as CFO of Avery Dennison Corp. and held senior financial positions at Apple Computer Inc. and IBM Corp.

Ariba also said Wednesday that it expects revenue of US$62 million to $63 million for its fourth quarter, ended Sept. 30. Ariba will report its full financial results next week.

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