Albert Pleus resigns from A21/Superstock board of directors
Co-founder and former CEO of A21/Superstock Albert Pleus has resigned from the company’s board of directors. The move follows a series of management and board shuffles over the past year. During that time, the company’s stock price has declined steadily from a peak of $0.80 per share in May of 2006 to yesterday’s close at $0.07 per share.
According to a press release issued by A21, Pleus has resigned to focus on his other businesses. It goes on to say, “Mr. Pleus’ Advisory term with the Company recently expired, and he is not standing for re-election to the Board at the scheduled November 13, 2007 annual Stockholders’ meeting.”
John Ferguson, Chief Executive Officer of a21, said, “We want to thank Albert for his leadership and service to the Company. Albert was instrumental in the start-up and development of the core assets of the business. We wish him well in his future endeavors.”
Mr. Pleus stated, “It’s a tough decision to leave the Company I founded, but I have a high degree of confidence that John and his team will successfully leverage the Company’s valuable assets. I look forward to the Company’s future growth and prosperity under his leadership.”
Web-site: Superstock.com
Comments
Post a Comment