Fusion-io said that CEO David Flynn and Chief Marketing Office Rick White had departed the company to launch a new business. Flynn and White were Fusion-io’s co-founders. Shane Robinson, a member of the company’s board of directors, has been tapped as its new CEO, Reuters noted.
A JPMorgan Chase (NYSE:JPM) analyst noted that Flynn was “well regarded” in the technology industry and cautioned that his departure was not a “good sign.”
Flynn led the company’s initial public offering in 2011.
Last year, Fusion-io teamed with Cisco Systems (NASDAQ:CSCO) to provide flash memory technology for use in Cisco servers.