Adobe CFO Leaves after Six Months

No performance-related reason given for his departure. The search is on for a new finance chief.
Stephen TaubNovember 10, 2006

Randy Furr has resigned as executive vice president and chief financial officer of Adobe Systems, effective immediately. The company, best known for its Acrobat Reader software, said he will remain an employee through the end of the year to assist with the transition.

Adobe made it clear in a press release that there were no company-related issues that caused Furr to leave abruptly. “The company indicated Furr’s resignation is unrelated to his work performed at Adobe and no issues have been raised regarding the integrity of the company’s financial statements,” stated Adobe in its announcement.

Furr had held the position for only six months, having joined the company in May. In October 2005, he resigned as president and chief operating officer of Sanmina-SCI Corp. At the time, the electronics manufacturing services company said he resigned “for personal and family reasons that require his immediate attention.” Furr had joined the company as CFO in 1992. Upon his departure from Sanmina-SCI, company chief executive officer and chairman Jure Sola noted: “While we will miss him, we understand his reason for resigning and wish him and his family the very best.”

How Startup CFO Grew Food Company 50% YoY

How Startup CFO Grew Food Company 50% YoY

This case study of JonnyPops’ success highlights the unusual financial and operational strategies that enabled rapid expansion into a crowded and highly competitive frozen treat market. 

Adobe said CEO Bruce Chizen has assumed the additional responsibilities of CFO until a replacement for Furr is named. The company added that it has begun a search for a new finance chief.