New CFO at Baltimore Technology
Baltimore Technology, the Irish internet security company, has named Phil Smith its new finance chief, replacing Paul Saunders who left the company last year.
Smith, who joined Baltimore five months ago as an interim CFO, was previously head of the finance function at Bookham Technology.
He joins the company at a difficult time – last month, Baltimore revealed it had overstated Japanese revenues in the 18 months to 30 June last year, forcing it to lower profits by between 1% and 2%.
Last year the company was also forced to restate its 2000 accounts following an overstatement of revenues in its India, Middle East and Africa regions.