Goldleaf CFO Polchin quits after just three months

Goldleaf CFO Polchin quits after just three months

The chief financial officer (CFO) of Goldleaf Financial Solutions, a provider of Internet services to US community banks, has quit the role just three months after joining the company.

US-based Goldleaf has not stated a reason for Polchin's resignation, but his departure comes just days after Goldleaf reported disappointing third quarter results, with revenue down one per cent compared to Q3 2003 and operating income falling to $0.5 million from $1.1 million a year ago.

Polchin joined the vendor in August following the resignation of J Scott Craighead.

Craighead stepped down shortly after the release of Goldleaf's second quarter results, which came in below market expectations.

Scott Meyerhoff, EVP of finance and strategy at Goldleaf will take on Polchin's responsibilities and duties until the company names a new CFO.

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