Financial technology firm Barra, Inc. has promoted one of its EVPs to president and rehired its former COO, who departed two-and-a-half years ago for the dot-com world. Aamir Sheikh has been promoted from EVP to president, assuming those duties from Kamal Duggirala, the firms CEO. Robert Honeycutt has resumed his former post as COO.
Sheikh, who came to Barra in 1994 from the finance faculty of Indiana University, has helped develop the firms enterprise risk management business.
Honeycutt originally joined Barra in 1992 from Hambrecht & Quist Inc., where he was a VP of corporate finance. In 1999, he left Barra to join Quote.com as CEO. After the firm was sold to Lycos, Inc., Robert Honeycutt became president and CEO of Buylink Corp. The firms Web site lists Richard Hirschberg as his replacement there as CEO.
Barra has not had a COO for over a year, said a company representative.
"About six months after Kamal Duggirala took over in August of 1999, he reorganized the executive team so there was no longer a COO and instead had four executive vice presidents," said the spokesperson.
Both Sheikh and Honeycutt report to Duggirala.
"These changes to the management team strongly position us to deliver continued growth through internal investments and potential acquisitions. Robert brings proven operating skills and experience, and Aamir has demonstrated strong client-focused leadership in developing our enterprise risk management business," said Duggirala, in a statement.