Tysons software company CFO resigns after 6 months
MicroStrategy's COO, Phong Le, will take over the role.
Tysons-based software company MicroStrategy announced Wednesday that its chief financial officer, Lisa Mayr, has resigned after joining the company six months ago.
The company’s chief operating officer Phong Le, who has previously served as the CFO, will take over the role.
Mayr was hired as MicroStrategy’s CFO in October after serving as CFO at Washington, D.C.-based e-learning company EverFi Inc.
The announcement of Mayr’s resignation was made during MicroStrategy’s first quarter results call on Tuesday when the company also reported that its stock was down 3% in late day trading.
“The COVID-19 pandemic is an unprecedented global emergency that’s fundamentally changed how our business is being done, at least in the near term,” Le said during the call.
“In March, we began to see some deal slippage as certain customers pulled back on investments given the high degree of uncertainty in the market as well as their need to focus on operational continuity for their employees and customers,” he added. “Overall, I’d characterize our Q1 performance as reasonable given the environment at the end of the quarter.”