SureBeam director resigns
resignation of Jack Henry as a director of its executive board.
Troubled food irradiation provider SureBeam has announced the resignation of Jack Henry as a director of its executive board.
Henry only joined the Board on July 27, 2003 after being elected chairman of the Audit Committee and served as a member of the Compensation Committee.
SureBeam, which makes systems that kill bacteria in food, said Henry resigned because of the demands on his time as president and chief executive of Sierra Blanca Ventures, an advisory and investment firm.
"The time demands of my other business commitments will not allow me to dedicate the time that will be necessary to fulfil my responsibilities as Chairman of the Audit Committee and a member of the Board," Henry stated.
Surebeam's board of directors is currently being investigated for suspected insider dealers. The company recently delayed the announcement of its latest financial results amongst the mounting speculation of the company's future.
The company has also fired three separating auditing companies in the space of a year. In August, the San Diego-based company sacked Deloitte & Touche after the auditor said it had concerns about revenue from certain contracts. The company dismissed KPMG in June for "fee-related" reasons and had dismissed Arthur Andersen, which collapsed after the Enron scandal.
Headquartered in San Diego, California, SureBeam operates processing service centers located in Glendale Heights, Illinois; Sioux City, Iowa; College Station, Texas; and Rio de Janeiro, Brazil. The Company is a leading provider of electron beam food safety systems and services for the food industry.
