TheStreet.com elects 2 directors, another resigns
Financial Web site TheStreet.com elects 2 new board members while another resigns
- On 11:13 am EDT, Friday August 28, 2009
NEW YORK (AP) -- Financial media company TheStreet.com said Friday it has elected two new board members -- while another has resigned -- to comply with a Nasdaq requirement that most of its board must consist of independent directors.
Ronni Ballowe, a former Ziff-Davis executive for 19 years, and Christopher "Woody" Marshall, a venture capitalist at Technology Crossover Ventures, joined the board Tuesday.
Marshall was elected by owners of TheStreet's preferred shares who are allowed to appoint one director.
TheStreet also said that Jeffrey Sonnenfeld, associate dean of the Yale School of Management, resigned from the board as of Monday. He had been on the board for six years.
Shares fell 2 cents to $2.50 in late morning trading.
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