Liquid Computing Board Ousts CEO

Apparently, the board of directors at Liquid Computing did not see eye-to-eye with co-founder and CEO Brain Hurley. They have asked him to leave in favor of appointing Greg McElheran from Axis Capital acting CEO. A Liquid spokeswoman attributed the change to the board of directors deciding to take the company in “another direction.” This is rumored to include expanding their business beyond high performance computing.

Liquid Computing logoWhile Hurley is a technologist, with a degree in electrical engineering and experience with Nortel, McElheran’s background is deal maker. Prior to joining Axis, he was a lawyer with Lucent Technologies and, according to his bio, served as the lead lawyer on “a number of multi-billion dollar transactions.”

Liquid had received a total of $41 million in two rounds of funding from an investment group made up of Axis Capital, Newbury Ventures, VenGrowth, ATA Ventures, Business Development Bank of Canada, Export Development Canada and Adam Chowaniec.

Read the full article here.

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