Tuesday, December 11, 2007

Napster Loses CFO

Los Angeles-based Napster is losing its CFO, the firm said late Monday, announcing that Nand Gangwani will leave the firm at the end of the year. Napster said in a release that Gangwani has decided to step down "for personal reasons." citing Gangwani's commute from the Bay Area to Los Angeles. According to Napster, Gangwani's last day will be December 31st; the firm's VP of Finance, Suzanne M. Colvin, will serve as interim CFO. Napster has tapped Spencer Stuart to conduct a CFO search for the company. Napster is a provider of a digital music download and subscription service.