Monday, July 2, 2007

International Rectifier Loses CFO, VP

El Segundo-based International Rectifier has lost two executives saying today that the company's board of directors has fired Michael P. McGee, the company's Executive Vice President and Chief Financial Officer. The company also said that Robert Grant, the company's Executive Vice President of Global Sales and Marketing, has resigned. No reason for the executive changes were given, however the firm had previously announced an internal investigation over accounting irregulatories, which continues. Linda J. Pahl has been appointed as action CFO of the firm; Alexander Lidow, the company's CEO, will assume the duties of EVP Global Sales and Marketing until a successor is appointed.

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