PeopleSoft's top CRM executive has left the Pleasanton, Calif., company to become the CEO at Coremetrics Inc., a business intelligence software vendor in Burlingame, Calif.
Joe Davis resigned "because of a desire to be a CEO and advance his career," a PeopleSoft spokesperson said today.
As general manager and vice president for the CRM division, Davis led worldwide development, strategy, marketing and customer support for PeopleSoft's CRM product division.
A spokesperson for Coremetrics declined comment until later in the week.
Davis joined PeopleSoft at the company's annual user show in August 2002.
Prior to working at PeopleSoft, Davis was president of the eBusiness Division at Nortel Networks Inc., where he managed the Clarify, Architel and Periphonics business units. Before that, Davis was vice president and general manager at Remedy Inc.
This marks the second departure of a CRM executive from PeopleSoft in recent months. Brad Wilson, vice president of CRM marketing, left several months ago to pursue other opportunities.
"It could just be a smart career move," said Denis Pombriant, managing principal at Stoughton, Mass.-based Beagle Research. "In many cases an executive shoots the center out of the target and needs a new challenge. I've seen similar things happen at Siebel [Systems Inc.] over the past six months."
Pombriant said that PeopleSoft is still in the process of absorbing staff from J.D. Edwards & Co., which it purchased in August. Davis' departure might be "the nature of consolidation," he said.
News editor Jon Panker contributed to this report.