named Tom Thimot CEO, replacing Bharat Dave.
The Milpitas, Calif., provider of managed remote access products said Dave left his president and CEO posts as well as the company's board to pursue other interests. Thimot, who was
(NETE - Get Report)
vice president of worldwide sales and services, will take the president post as well.
"Today marks the beginning of a new phase of GoRemote's evolution," said GoRemote Chairman Hong Chen. "By selecting Tom Thimot, a recently appointed board member, to be the new president and CEO of GoRemote, the board has turned to an experienced executive with a proven track record of success."
For its part, Netegrity, a Waltham, Mass., provider of identity and access management solutions, rolled out a reorganization of its sales structure. The company shifted from centralized global operations to distributed regional sales operations.
"This new sales structure will enable Netegrity to better address the regional sales differences and further capitalize globally on the strategic, high-growth identity and access management market," said CEO Barry Bycoff. "Our strong team of seasoned sales professionals and the addition of Erik will enable us to continue to set Netegrity and our integrated identity and access management platform apart from the competition."
On Monday, GoRemote slipped 3 cents to $1.24 and Netegrity added a nickel to $6.59.