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Stock Market & Financial Investment News

News Breaks
March 1, 2013
08:00 EDTSABASaba Software CEO Bobby Yazdani to step down, effective March 1
Saba announced a leadership transition under which Bobby Yazdani and the Board have agreed he will step down as Chairman, CEO and Director, effective March 1, 2013. In connection with the change in leadership, Shawn Farshchi, Saba’s Executive Vice President and COO, has been named Interim CEO. Farshchi, a 30-year veteran of building high-technology companies, will also retain his responsibilities as COO. In addition, the Board of Directors has separated the roles of Chairman of the Board and CEO and appointed independent director Bill Russell to the position of non-executive Chairman.
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May 7, 2013
13:15 EDTSABASaba Software names Mark Robinson as CFO
Saba announced the appointment of Mark Robinson as CFO. Saba anticipates that Robinson will assume his new position on or prior to June 3. He joins Saba after spending nearly five years with Calypso Technology, where he served as CFO.

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