LONDON (04/14/2000) - Netherlands-based ISP (Internet service provider) World Online International NV this week announced that its chairwoman and member of the management board, Nina Brink, has resigned from her post.
The news comes after lawsuits against the company have been rumored, based around the fact that Brink, the founder of the company, had sold some of her shares before the company filed its IPO (initial public offering).
Brink has resigned "in the interest of the company," according to yesterday's statement.
Brink is not leaving the company completely however; from May she will work as an advisor to the supervisory board on strategy and business development, World Online said.
Simon Duffy, chief executive officer and deputy chairman will take over Brink's duties immediately, World Online said.
World Online could not be reached immediately for comment.
World Online, in Rotterdam, The Netherlands, can be reached at +31-10-440-1444, or at http://www.worldonline.com/.