Ariba

(ARBA)

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.

Calderoni was most recently with adhesives and label maker

Avery Dennison

(AVY) - Get Report

, where he was the chief financial officer.