Linens senior vice president, chief financial officer and secretary resigns; Hurd named new CFO

By Caroline Salls

Pittsburgh, Sept. 24 - Linens Holding Co. senior vice president, chief financial officer and secretary Francis M. Rowan has resigned, effective Oct. 6, according to an 8-K filed with the Securities and Exchange Commission.

Rowan also resigned from his role as a director of each of Linens' subsidiaries, including Linens 'n Things.

According to the 8-K, current vice president, controller and treasurer Scott M. Hurd has been elected to the additional positions of chief financial officer and secretary of the company and director of each of the subsidiaries, effective Oct. 6.

In connection with his promotion, Hurd's annual base salary was increased to $250,000 from $210,000.

Under the terms of his employment agreement, Rowan is not entitled to receive any severance payments or other compensation in connection with his resignation other than unpaid base salary and benefits accrued through the date of termination.

Linens 'n Things, a Clifton, N.J., home furnishings specialty retailer, filed for bankruptcy on May 2. Its Chapter 11 case number is 08-10832.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.