CEO: Gary Quinn
In late July, FalconStor appointed Gary Quinn to be the company's new president and CEO. Quinn had been serving in that post for about a month on an interim basis following the sudden resignation of president and CEO Jim McNiel on July 1.
This year, the maker of disk-based data protection and storage virtualization technologies has struggled with declining sales. Still, the slight decline in FalconStor's stock price represents an improvement from the first half of 2013 during which the value of the company's shares fell 41.2 percent, the most of any IT vendor tracked by CRN.