FalconStor CEO's Landing
ReiJane Huai resigned as FalconStor Software's president, CEO and chairman, following the launch of an investigation by law enforcement authorities. According to FalconStor, "Mr. Huai tendered his resignation following his disclosure that certain improper payments were allegedly made in connection with the company's contract with one customer."
Huai, well regarded in the channel, was a co-founder of FalconStor in 2000. James McNiel, the company's chief strategy officer, has been named interim CEO and interim president.