“At this stage in my life, I simply can no longer dedicate the number of hours required by Monster’s rapid global growth and the additional demands of time associated with the ongoing historical stock option grant review,” McKelvey said. “I believe that these managerial changes will assist the company in addressing the challenges that it faces today.”
see www.thestreet.com/_googlen/newsanalysis/technet/10313759.html or http://online.wsj.com/article/SB116039921178686789.html
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William Pastore, Monster’s president and chief operating officer, was named to succeed McKelvey as CEO and chairman.