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Screenshot of a breaking news alert e-mail from Q2 2017
The departures at retail forex broker FXCM and its newly-named parent company Global Brokerage Inc (NASDAQ:GLBR) aren’t limited to just the management ranks.
The company has announced that two outside directors, Eric LeGoff, and James G. (Jim) Brown, would be stepping down from the Global Brokerage board, without replacements planned.
Following the departures of LeGoff and Brown, plus the recent resignations of longtime FXCM CEO Drew Niv and co-founder William Ahdout, the Board of Directors of the company has determined to reduce the size of the company’s Board to seven (from 11), consisting of four independent directors and three non-independent directors.
Eric LeGoff is is co-founder, president and COO of Evermore Global Advisors and CEO of Evermore Funds Trust. James G. (Jim) Brown is Managing Partner at Long Ridge Equity Partners, which he co-founded in 2007.