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Vignette promotes president to CEO

Content management software developer Vignette has promoted president and chief operating officer Thomas Hogan to chief executive...

Content management software developer Vignette has promoted president and chief operating officer Thomas Hogan to chief executive officer. Hogan will replace Greg Peters, Vignette's chief executive officer since 1998, who will remain chairman of Vignette's board.

Hogan joined Vignette in April 2001 as president and chief operating officer, after serving as senior vice-president of worldwide sales and operations at Siebel Systems.

Vignette also announced the resignation of Joe Marengi from its board of directors. Marengi is Dell's senior vice-president for America, and had been on Vignette's board since July 1999.

Vigenette's chief executive officer change comes two weeks after it warned of lower-than-expected second quarter results, citing "stagnant" IT budgets and spending.

Vignette is due to announce its full results this week, but said it now expects revenue of $34m (£22m) to $35m and a core operating loss of $13m (£8m) to $14m.

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