Violin Memory, a flash memory company backed by Toshiba, SAP and Juniper Networks, has lost both its CEO and its COO, as its shares trade at below half its IPO price.

Violin Memory Inc, a US-based maker of flash memory storage backed by corporate investors SAP, Toshiba and Juniper Networks, has announced that its chief operating officer (COO) Dixon Doll has stepped down from his position “to pursue other personal and professional opportunities.”

Doll’s departure follows that of Donald Basile, whose position as chief executive officer (CEO) was terminated by Violin Memory’s board of directors in December. Howard Bain, chairman of the Violin Memory, is acting as interim CEO while the…

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