Qualstar Corp. (QBAK) said Wednesday that Nidhi Andalon has resigned as Vice President and Chief Financial Officer, effective as of March 15, to pursue other opportunities.
Having been with Qualstar for 10 years, Ms. Andalon served in various financial roles before becoming Chief Financial Officer in 2009. She will remain at Qualstar through the middle of March and is working with CEO Lawrence Firestone and the Board of Directors to ensure an orderly transition.
Qualstar said it has begun a search for a new Chief Financial Officer and is in the process of identifying candidates.
In the meantime, Qualstar's finance group will be managed by Neal Carver, who has held senior corporate finance and controller roles in public and private technology companies for more than 20 years. Most recently, Carver was Corporate Controller for Applied Films Corp. until it was acquired by Applied Materials in 2006 and continued on as Operations Controller for Applied Materials, Inc. (AMAT) from 2006 until 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.