- After almost twelve years in the position
- Kevin Bauer taking over
(exechange) — San Jose, California, January 30, 2018 — Howard Hideshima, finance chief of Super Micro, leaves. It is an abrupt change. As announced by Super Micro Computer, Inc. in a news release and in a regulatory filing published on Tuesday, January 30, 2018, Howard Hideshima leaves his post as Chief Financial Officer at the information technology company after almost twelve years in the position, effective immediately.
It is the end of an era.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CFOs who departed over the past twelve months was 6 years, according to data compiled by exechange. Only 21 percent of the CFOs who departed over the past twelve months left the position after more than ten years.
Hideshima’s duties will be taken over by Kevin Bauer, most recently Senior Vice President, Corporate Development and Strategy at Super Micro Computer, Inc.
Hideshima’s move is part of a management shake-up also involving the positions of Sr. Vice President of International Sales; and Sr. Vice President, Worldwide Sales.
No reason given
In the announcement, Super Micro did not explicitly explain the obviously compelling reason for Hideshima’s sudden move, opening the door for speculation.
Precise information about Hideshima’s future plans was not immediately available.
Super Micro announced that Howard Hideshima, Senior Vice President and Chief Financial Officer, has “resigned, effective January 30, 2018.”
Share price decline
The change follows a decline in the share price of Super Micro Computer, Inc. since February 2015.
Chaired by Charles Liang
Super Micro Computer, Inc. is chaired by Charles Liang.
Charles Liang founded Super Micro Computer, Inc. and has served as the Company’s President, Chief Executive Officer and Chairman of the Board since the Company’s inception in September 1993.
In the position of CFO since 2006
Howard Hideshima has served as the Company’s Senior Vice President, Chief Financial Officer since May 2014 and the Company’s Chief Financial Officer since May 2006.
From November 2005 to May 2006, Hideshima was Vice President of Finance at Force10 Networks, Inc., a network equipment company, and from July 2004 to November 2005, he served as Director of Finance for that company.
From April 2001 to June 2004, Hideshima was Chief Financial Officer and Vice President of Finance and Administration at Virtual Silicon Technology, Inc., a semiconductor intellectual property company.
From January 2000 to March 2001, he served as Chief Financial Officer at Internet Corporation, an Internet services company.
From January 1999 to December 1999, he was Vice President of Finance and from July 1997 to December 1999 Chief Accounting Officer at ESS Technology, Inc., a fabless semiconductor company.
Hideshima holds an M.B.A. from San Francisco State University and a B.S. in Business Administration from the University of California at Berkeley.
Read the full story in the exechange report 6.2018 ($).