Quigley names chairman Ted Karkus as interim chief executive officer

By Lisa Kerner

Charlotte, N.C., June 18 - Quigley Corp.'s board of directors appointed chairman Ted Karkus to be the company's interim chief executive officer effective Thursday.

Karkus will be paid $5,000 per week, the company said.

According to Quigley, Karkus will hold the interim CEO position while the board "reviews the company's operations and staffing at the executive management level."

The appointment may be terminated at any time by the board.

Karkus was elected to the board and to the position of chairman last week after the U.S. District Court for the Eastern District of Pennsylvania rejected remaining challenges to the voting results of the May 20 shareholder meeting.

As previously reported, Guy Quigley voluntarily resigned as chairman, president and CEO of the company immediately following the court's ruling.

Chief operating officer Charles Phillips and accounting operations manager Wendy Quigley also resigned.

Quigley, based in Doylestown, Pa., manufactures and distributes homeopathic and health products in the United States.

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