DDi has new CEO, but risks delisting.ANAHEIM, CA -- Bruce McMaster, president, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and a director at DDi Corp., has resigned from each of those positions, effective immediately. The board of directors has appointed Mikel Williams, senior vice president and CFO See Chief Financial Officer. , as president and CEO. McMaster had served as president of DDi since 1991 and as a director and CEO since 1997. A press release stated that McMaster intended to pursue other opportunities. Williams has served as CFO since November 2004. Prior to that, he was COO (Cell Of Origin) See mobile positioning. of LambdaNet, a pan-European telecommunications company See telecom company. . Prior to this, Williams held positions of increasing responsibility with Global TeleSystems, Inc. Also, DDi is in danger of being delisted. The company received a notice from Nasdaq indicating that its common stock is subject to potential delisting Delisting When the stock of a company is removed from a stock exchange. Notes: Reasons for delisting include violating regulations and/or failure to meet financial specifications set out by the stock exchange. from The Nasdaq National Market because its bid price closed below the minimum $1 per share requirement for 30 consecutive business days prior to Oct. 7, 2005. DDi has 180 calendar days, or until April 5, 2006, to get its stock above $1 and regain compliance or risk being delisted. |
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