HDP leadership shuffle

• Leadership shuffle at Hortonworks (NASDAQ:HDP) as CFO Scott Davidson takes on the dual role of COO, effective immediately. Davidson steps in for the resigning Rajnish Verma.

• HDP shares down 8.61% aftermarket.

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Hortonworks announces C-suite shuffle, Q2 guidance
http://www.seekingalpha.com/news/3279324

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HDP shares down 8.61% aftermarket.

A buying opportunity. The hiring of Verma was a stumble and the COO to CEO move wasn’t in the cards. Management acted quickly to keep HDP on course. Apart from some short-term uncertainty, expect good results 6-7 months out and beyond.

The hiring of Verma was a stumble

Why you consider the hire as a stumble? Verma was very successful at TIBCO, a proven talent and has solid Valley credentials. These kinds of hires are done not just by CEO, but with board’s involvement. While the CFO took over as COO, note they have also created a CRO (Chief Revenue Officer) role, just to address the concern that CFO lacks sales skill set.

Evidently something had changed and it may not impact HDP or its strategy.

A buying opportunity. The hiring of Verma was a stumble and the COO to CEO move wasn’t in the cards. Management acted quickly to keep HDP on course. Apart from some short-term uncertainty, expect good results 6-7 months out and beyond.

Yep. I see it that way too and bought some shares in the after hours trading.