Silver Spring Networks, said James P. Burns, the company’s chief financial officer, has resigned to accept a position with another company. Burns’ resignation is effective June 10, 2016.
Kenneth P. Gianella, vice president of financial planning & analysis, has been appointed as the company’s interim chief financial officer effective upon Burns’ departure. Gianella, a seasoned technology and finance executive with over 20 years of experience, has been a valuable contributor to Silver Spring Networks for over five years in various finance and operational roles.
“On behalf of the entire company and our board of directors, we thank Jim for his valuable service, and wish him well in his future endeavors,” said Mike Bell, president and CEO, Silver Spring Networks. “We are fortunate to have a strong financial team in place, as well as an executive of Ken’s caliber with many years of experience at Silver Spring Networks as our interim CFO.”
Silver Spring Networks has initiated a search process to identify a permanent CFO, and will consider both internal and external candidates.
Silver Spring Networks also reaffirmed its financial outlook for the second quarter of 2016 and the full year 2016 as provided on its May 9, 2016 earnings conference call.