Guard services provider Command Security Corporation announced this week that Edward S. Fleury has resigned as the company’s CEO and as a member of its board of directors effective May 17.
Company President and CFO Barry I. Regenstein will assume Fleury’s responsibilities on an interim basis, according to a statement.
The company said that Fleury’s resignation was a "mutual decision" between Fleury and its' board after it was determined that his employment agreement with company would not be renewed or extended.
Fleury will be paid an aggregate amount of $174,200 and he will be allowed to exercise all stock options previously granted to him at any time until Sept. 29, 2018.
"Our board of directors, management and employees are grateful for Mr. Fleury’s contributions to our company over more than the past two-and-a-half years. We thank Mr. Fleury for his service with the company and extend our best wishes to him in connection with any future endeavors that he may pursue," said the company’s Chariman Peter T. Kikis in the statement. "Our board is considering whether to fill the vacancy in our management team resulting from Mr. Fleury’s resignation from within our existing management team or to seek to hire a new chief executive officer who is not currently affiliated with our company, and will promptly make a decision about these matters that will be publicly announced as soon as practicable."