Benefitfocus CFO resigns ‘for family reasons’ shortly after joining Charleston tech company

Benefitfocus is headquartered on Daniel Island. File/Wade Spees/Staff

The chief financial officer of Benefitfocus has stepped down less than a month after joining the Charleston tech company.

Dennis Story, who became CFO July 1, resigned Monday “for family reasons,” the company said Thursday in a filing with the U.S. Securities and Exchange Commission. Story moved to Charleston from Atlanta, where he was CFO of the supply chain software company Manhattan Associates.

“Recently, we learned that Dennis must return to Atlanta full time to care for a loved one,” Benefitfocus CEO Shawn Jenkins said in a statement. “We are very supportive of his decision and I admire Dennis for his commitment to his family and the way he handled this difficult circumstance.”

Raymond August, Benefitfocus’s president and chief operating officer, will handle financial and accounting duties while the company searches for a replacement. August, who came to the company in 2014, filled in earlier this year after former CFO Milt Alpern retired in March.

Daniel Island-based Benefitfocus, which sells benefits management software, is one of the region’s largest publicly traded companies, recording $185 million in sales last year. The company has 1,450 employees.

Reach Thad Moore at 843-937-5703 or on Twitter @thadmoore.