Peregrine names new CEO

Peregrine Systems has named John Mutch has the company's new chief executive officer.

Peregrine Systems has named John Mutch as its new chief executive officer.

Mutch formerly served as chief executive officer of analytics software maker HNC Software and replaces Gary Greenfield, who joined Peregrine in June 2002, after the company announced massive accounting irregularities and the resignations of several officers.

Peregrine filed for bankruptcy in September 2002, from which it emerged earlier this month under a reorganisation and creditor-repayment plan. As part of its restructuring, Peregrine sold many of the assets it had picked up through years of acquisitions.

The company is now focusing on two flagship IT management software suites, ServiceCenter and AssetCenter.

Mutch joined Peregrine's board of directors in March as the company worked on a complete revamp of its board.

Stacy Cowley writes for IDG News Service

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