Troubled Iomega Corp has lost another member of its senior management team, announcing that its chief financial officer Leonard Purkis has jumped ship to take over the CFO duties at online trading house E*Trade Group Inc. Purkis’ departure comes just four weeks after that of chief executive officer Kim Edwards (CI No 3,376). The company says it was a personal decision by Purkis to leave – effective June 5 – and that it is sorry to see him vacate the position he’s held for the past three years. Things have been going poorly at Iomega recently, as it posted a first-quarter loss of $18.6m and was hit with a class action suit by shareholders. The company’s stock has fallen 62% since December, when it hit a 52-week high of $16.75. The search is on for a new CFO and in the meantime Dan Strong, vice president and controller, will take on the responsibilities. On Wednesday, Iomega shares fell $0.1875 to close at $6.5625.
