Thread: Frank steps down as MEC's "interim" CEO
View Single Post
  #1  
Old 04-08-2009, 12:17 PM
Kasept's Avatar
Kasept Kasept is offline
Steve Byk
  
Join Date: May 2006
Location: Greenwich, NY
Posts: 43,962
Default Frank steps down as MEC's "interim" CEO
Stronach steps down as Magna interim CEO
By Matt Hegarty

http://www.drf.com/news/article/102819.html

Greg Rayburn, a senior managing director of the corporate-restructuring consulting company FTI Palladium, has been named interim chief executive officer of the bankrupt racetrack operator Magna Entertainment Corp., Magna announced late on Tuesday night.

Rayburn will replace Magna's founder and chairman, Frank Stronach, as chief executive. Stronach has been serving as Magna's interim chief executive since the middle of 2007, when its seventh chief executive officer since its founding in 1998 resigned. A release from Magna said that Stronach has "resigned his office as chief executive officer of the company effective immediately," but will remain chairman of the company's board.
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984.
Reply With Quote