Big data analytics service Splunk announces CEO Doug Merritt will be stepping down and replaced by its board chair effective immediately; stock drops 18%+ (Jordan Novet/CNBC)

Jordan Novet / CNBC:
Big data analytics service Splunk announces CEO Doug Merritt will be stepping down and replaced by its board chair effective immediately; stock drops 18%+  —  - Spunk's board chair, Graham Smith, is taking over from CEO Doug Merritt immediately as interim CEO.

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