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CTG executive leaves under leadership restructuring

Computer Task Group's chief financial officer, Brendan Harrington, has left the company, after his role was combined with another executive's.

CTG said Harrington resigned "by mutual agreement." John Laubacker, the company's treasurer, has taken on the CFO's duties. CTG said the job consolidation was part of its plan to control expenses.

Harrington joined CTG in 1994 and held a variety of roles. He served as interim CEO for about five months, starting in October 2014, following the unexpected death of James Boldt.

"Brendan's dedication and significant contributions during his long tenure at CTG are deeply appreciated by the board and the entire executive team," CTG CEO Bud Crumlish said during a Tuesday conference call.

CTG has also launched a search for a chief operating officer. "We are already in the process of evaluating multiple impressive candidates," Crumlish said.

The company plans to sell one of its two Buffalo buildings and combine operations into the other building, a move it estimates will save $500,000 a year in operating costs.

CTG in the first quarter recorded net income of $751,000, compared to a $21 million loss a year ago that included a writedown. Its revenues fell 10 percent, to $77 million.

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