The shakeup at Internap Network Services (NASDAQ:INAP, news, filings) continues. From an SEC filing today:
On July 14, 2009, Internap Network Services Corporation (the “Company”) announced the elimination of the Chief Technology Officer position and, as a result, that Timothy P. Sullivan’s employment will terminate effective July 31, 2009. The Company anticipates entering into a separation agreement with Mr. Sullivan regarding the terms of his separation, a copy of which will be filed with the Securities and Exchange Commission following execution.
Of course, Eric Cooney just took over as the new CEO in March, and since then it apparently hasn’t been a fun place to work. The [Read more →]