RGP founder and chairman resigns
RGP founder and chairman resigns
Main article
Professional staffing provider Resources Connection (NASDAQ: RGP) reported company founder Donald Murray stepped down as board chairman effective July 26, according to a filing with the US Securities and Exchange Commission.
Murray founded RGP in 1996 and later led a management buyout of the firm in 1999 with private equity firm Evercore Partners, according to the company. Murray later led RGP’s initial public offering in 2000.
He has served as chairman since 1999 and his other roles include president and CEO. Before starting RGP, Murray was partner in charge of accounting and assurance services for Deloitte & Touche’s Orange County, California, office.
Board member A. Robert Pisano is serving as interim chairman following Murray’s departure.
“We are grateful for all of Don’s many contributions to the company since its inception, including his vision, his keen understanding of the professional services industry, his strategic insights and his passion for helping clients solve their business issues,” Pisano said in a press release. “We wish our founder and friend the best of everything in the future.”
Pisano has been on the board since 2002 and as lead independent director since 2004. Pisano is a business consultant, but his previous roles include president and chief operating officer of the Motion Picture Association of America from October 2005 until September 2011 and as national executive director and CEO of the Screen Actors Guild from September 2001 to April 2005.
RGP also appointed David White to succeed Pisano as lead independent director.
The company previously reported revenue fell 19.6% year over to $148.2 million its fiscal fourth quarter ended May 25.