News Briefs

Ahold board member resigns; consumer confidence sinks; former CFO of Biopure takes the reins after Wells Notice is issued.

  • Officials at Dutch retailer Ahold said that Jan Andreae has quit the group’s management board but would remain with the company. Andreae, the board member responsible for European operations, decided to resign but gave no further details.

Ahold officials noted that Andreae will take charge of special projects for the benefit of the Ahold group, including the divestment of the Spanish operations.

  • The Conference Board said consumer confidence in February fell more sharply than the pundits had forecasted and blamed the drop on a dearth of new jobs.
  • Biopure Corp. executives announced that Thomas Moore resigned as president, CEO, and a member of the board, effective immediately. Moore will be replaced on an interim basis by Francis Murphy, the company’s senior vice president of engineering and process technology, who served as CFO from 1999 until February of last year.

Murphy has 40 years of experience in finance and accounting, manufacturing, engineering, and business planning and operations at Corning Inc., Costar Corp., The Gillette Co., and The Boeing Co.

On Christmas Eve, Biopure, Moore, and the former senior vice president of regulatory and operations received a Wells Notice from the Securities and Exchange Commission indicating that the SEC may bring civil charges against the company. Reportedly, the charges are related to the company’s disclosures concerning its communications with the Food and Drug Administration about the product Hemopure, a blood substitute. Biopure is awaiting FDA approval for Hemopure.

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