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BOTTOM LINE'S CO-FOUNDERS STEP DOWN FROM BOARD
Bottomline Technologies co-founders Daniel McGurl and James Loomis are giving up their seats on the company's board of directors as part of a "board refresh," the Portsmouth-based company announced last week.
They will be replaced by Peter Gibson, CEO of Knowledge Group, a company based in Jersey City, N.J., and Benjamin Robinson III, senior vice president and chief administrative officer of Prudential Financial, which is based in Newark, N.J.
McGurl, who is approaching 80, was with IBM when he co-founded Bottomline in 1989, and he served as its CEO for its first 13 years and as board chairman until 2007. Loomis, 65, originally from Nashua Corp., has also been a director since the firm's beginning. He served as the company's executive vice president and treasurer for the company's first seven years and then as senior executive advisor, until he retired in 2000.
In federal filings early last...