TIBCO Appoints New CFO

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There's a familiar figure on the chief financial officer's desk at TIBCO Software . The company announced that Matt Langdon, its senior vice president of strategic operations, has been appointed to the position. Langdon will directly report to the man he replaces, COO Murray Rode, who had been serving as interim CFO following the departure in April of Sydney Carey.

Langdon is a longtime TIBCO employee, having joined the company in 2003. Previous to that, he worked at Siebel, now owned by Oracle. He also held positions at an affiliate of privately held Bass Brothers Enterprises and at Donaldson, Lufkin & Jenrette, which is currently under the wing of Credit Suisse.

In the press release announcing the news, TIBCO quoted its CEO Vivek Ranadive as saying of its new CFO that he "brings the right mix of strategic insight, operating experience, and financial acumen to the CFO position, as we develop our business to pursue one of the most attractive opportunities in software."


In an SEC filing, the company revealed that Langdon's annual salary has been increased to $350,000. He will also get 15,000 shares of restricted stock in the company and a $300,000 retention bonus.

The article TIBCO Appoints New CFO originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends TIBCO Software and owns shares of Oracle.. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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