Blackwater founder quits CEO post | News | Al Jazeera

Blackwater founder quits CEO post

Founder of US security firm involved in Iraqi civilian deaths incident resigns.

    Erik Prince says his resignation from Blackwater is part of the company's reorganisation [GALLO/GETTY]
     

    'Excessive force'

    A sixth Blackwater guard has brokered a deal with prosecutors, pleading guilty to killing one Iraqi and wounding another.

    The company said Prince will focus his efforts on a private equity venture unrelated to the firm.

    Prince, who founded Blackwater in 1997, said Joseph Yorio, a former US army officer, will become its new president, and Danielle Esposito, a current employee, will become the chief operating officer as part of what he called the company's "continued reorganisation and self-improvement".

    The company changed its name to "Xe" last month, shortly after Iraqi officials  revoked the company's licence to operate in the country.

    The Iraqi interior ministry said the ban followed the firm's "improper conduct and excessive use of force" in the 2007 incident.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    The State of Lebanon

    The State of Lebanon

    Amid deepening regional rivalries what does the future hold for Lebanon's long established political dynasties?

    Exploited, hated, killed: The lives of African fruit pickers

    Exploited, hated, killed: Italy's African fruit pickers

    Thousands of Africans pick fruit and vegetables for a pittance as supermarkets profit, and face violent abuse.