Monster Finance Chief Leaves

NEW YORK -- Monster Worldwide Inc. disclosed that Chris Power, chief financial officer of global operations, resigned Friday, according to The Wall Street Journal.

The New York online-recruitment company, which owns the Monster.com job-search Web site, didn't disclose the reason for Power's resignation in its filing with the Securities and Exchange Commission, the paper reported.

Power, who had held the position since March 2005, couldn't be reached for comment by the paper. Prior to becoming finance chief of global operations, he had been finance chief of the Monster division.

Monster has been going through management upheaval in the wake of an options-backdating scandal. In April, Monster said its then-president and chief executive, William M. Pastore, would leave the company after a transition period, by mutual agreement with the board. A Monster spokesman said Pastore's departure was unrelated to stock-options backdating, the paper reported.

-- NYSSCPA.org News Staff

Posted on 8/21/07