Gilbert Fiorentino, head of Systemax's technology products group, has resigned in the face of undisclosed allegations, the company announced today.
Systemax, which sells computers and electronics online via the TigerDirect, CompUSA, and Circuit City sites, put Fiorentino on administrative leave last month. At the time, the company said that it was determining whether to terminate Fiorentino after completing an investigation into "anonymous whistleblower allegations" related to the company's Miami operations. The company's audit committee, which handles the financial side of the operation, conducted the investigation, according to a 10-K reported filed with the Securities and Exchange Commission in March.
Systemax has not divulged the exact nature of the allegations or whether its investigation turned up anything. … Read more