McQuary quits EarthLink
EarthLink President Mike McQuary today resigned his post and board seat with the nationwide ISP, citing family personal reasons.
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McQuary joined EarthLink in early 2000 as chief operating officer to help the company transition after its merger with Mindspring. A spokeswoman said McQuary’s position will not be replaced and CEO Garry Betty will assume the McQuary’s former duties. She added McQuary will stay on to work with EarthLink on special projects, but will not be working on the day-to-day affairs of the company.
“In his tenure as president, Mike has been greatly responsible for many of the accomplishments that EarthLink has achieved,” Betty said in a statement. “ He has played an invaluable role in transforming EarthLink into a leading national ISP with a reputation for award winning service and customer support. His commitment to the company has been an inspiration to all of us over the years.”
EarthLink investors reacted strongly to the news, sending the stock from yesterday’s close of $8 to $6.85 cents this morning. Shares later rose back over $7 this afternoon.
--Kevin Fitchard, Staff Writer
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© 2012 Penton Media Inc.
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