McAfee President Resigns

Hodges, an 11-year McAfee veteran who was responsible for the company's strategy and technology development has resigned.

The departure comes just days after McAfee was ordered to pay $50 million to settle long-running securities fraud charges.

McAfee denied any wrongdoing as part of the settlement, but agreed to pay the hefty fine, in addition to hiring an independent auditor to review its accounting practices and expand a program that allows customers and business partners to anonymously report unethical behavior.