Furiex (Nasdaq: FURX) CFO Marshall Woodworth has resigned, effective Nov. 14.<br /><br />Company board has appointed Sailash Patel, vice president of strategic development to take over the CFO’s role. Patel has been with the firm since its spin off from PPD.<br /><br />Patel’s base salary as CFO will be $250,000. His target bonus next year will be 35 percent of his salary.<br /><br />According to a securities filing, Woodworth’s resignation was “in accordance” with a 2010 employment agreement.<br /><br />Woodworth is staying with the company through Jan. 29, 2014 to assist in the transition, and will be paid his base salary and benefits. Additionally, his option to purchase 2,765 shares, otherwise vested in February, will instead vest on his resignation date.<br /><br />The Morrisville company recently received a $15 million loan by its board chair, Fred Eshelman.