DHI Group Inc. (NYSE: DHX), the parent company of job board Dice.com, reported third-quarter revenue fell 6.5%, and announced CEO Michael Durney plans to step down as president and CEO effective March 31.

The company posted net income compared to a net loss in the year-ago quarter, which included a goodwill impairment charge of $15.4 million.

“We continued to make good progress on our strategic goals for the second half of 2017, largely completing the realignment of our organization and implementing the first set of initiatives designed to return our core tech business to growth,” Durney said.

The company also reported it received $3.3 million in restitution paid by a former employee in the criminal matter of United States of America v. David W. Kent. Kent was the founder of Rigzone, a website he sold to DHI Group.

Turning to the search for a new CEO, Durney will serve in an advisory capacity at DHI for a short transitional period once a successor is appointed; he also agreed to stay on for a designated period if the search process extends beyond the last of March.

Durney has been a senior executive at DHI for more 17 years; he joined the company as CFO in 2000 and has been CEO since 2013.

“As DHI continues to execute on its strategy to become a single tech-focused organization, now is the right time in the company’s evolution to implement a CEO transition plan,” Board Chairman John Barter said. “The board remains confident in the company’s strategy and believes that there are opportunities to accelerate DHI’s progress and improve business execution.”

DHI Group operates the Dice.com job board for IT professionals; eFinancialCareers; ClearanceJobs, Rigzone and others.

Share price and market cap

Shares in DHI Group fell 10.87% to $2.05 as of 12:59 p.m. Eastern time. The company had a market cap of $103.34 million.