Miami Twp.-based analytic data company Teradata Corp. no longer employs a co-president and is in talks with the former executive on his separation, the company said in an SEC filing Wednesday.
In the filing, Teradata said its directors decided to eliminate a position held by Herman Wimmer, as part of a previously announced “business transformation and cost reduction process.”
“In light of its new single business model, on Dec. 1, 2015, the company’s board of directors (the “board”) decided to dissolve the co-president management structure,” the company said. “As a result, the board eliminated the co-president position held by Hermann Wimmer and he is no longer an executive officer as of that date.
“In addition, as of Dec. 1, 2015, Robert Fair has been named the company’s chief operating officer and Michael Koehler has been named president in addition to his current position as chief executive officer of the company,” the filing added.
Teradata and Wimmer are negotiating terms of his separation from Teradata and its German subsidiary, with whom he has an employment agreement, the filing also said.
A spokesman for Teradata, Mike O’Sullivan, declined to elaborate, but said Fair works in Miami Twp. and Wimmer worked in Atlanta.
Bruce Langos, who was still listed on Teradata’s web site as COO on Thursday afternoon — is still with the company, O’Sullivan said. He could not say what Langos’ job title is, but he thought the company’s web site might be updated Friday.
“I think it’s still it’s being worked out,” O’ Sullivan said. “I know Bruce Langos is still with the company. He has always been a valuable part of the company.”
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