Juniper CFO Quits

Another exec departs as well.
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said that two execs, including its chief financial officer of two years, quit Monday.

The Sunnyvale, Calif., maker of networking gear said CFO Bob Dykes and Robert Sturgeon, executive vice president of its service layer technology group, resigned "in connection with the ongoing review of the company's growth plans and requirements to achieve the company's desired scale."

Juniper made the disclosure in a regulatory filing after the market closed Tuesday. The moves come a day after Juniper completed a restatement of past financials to fix accounting errors tied to its handling of stock option grants.

Juniper said neither Dykers nor Sturgeon quit over any disagreement relating to the company's operations, policies or practices.

Dykes was hired in December 2004 from contract manufacturer


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After dropping 4% in regular trading, Juniper dropped 34 cents in postclose action to $17.40.