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named Robert M. Calderoni executive vice president and chief financial officer, replacing one of the company's co-founders.

Calderoni will replace Edward P. Kinsey, who co-founded Ariba, a business-to-business company, and has been financial chief since the company's inception. After helping transition Calderoni to his new position, Kinsey will retire to spend more time with his family.

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Calderoni was most recently with adhesives and label maker

Avery Dennison

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, where he was the chief financial officer.