We all have heard about the directors and RTAs fleeing YTB like rats from a sinking ship. Even the Board members have been leaving on a pretty regular basis.
But what does it say when your Chief FINANCIAL Officer abruptly resigns? Yes, you heard it here first, John D. Clagg, the CFO of YTB has left the building.
A bit about John D. Clagg, former CFO of YTB International:
John D. Clagg has been the Chief Financial Officer of YTB International Inc. since November 21, 2005 and its subsidiary, YourTravelBiz.com since December 15, 2003. Mr. Clagg has been Treasurer of YTB International Inc. since December 12,2006 and also serves as its Vice President and Principal Accounting Officer. He serves as Vice President and Chief Financial Officer of YTB International Inc.'s subsidiaries. He joined YTB International Inc. in December 2003. He has 25 ... years of financial management and treasury management experience. Mr. Clagg began his professional career in 1983 at Arthur Andersen & Co. in St. Louis. He joined the Sisters of Mercy Health System and rose to the position of Corporate Controller. From 1998 to 2001 he served as Director of Operational and Financial Support at the national office for Ascension Health in St. Louis. From 2001 to 2003 he served as Chief Financial Officer for a large assisted living and retirement center in St. Louis County. His 25 year career includes extensive experience at the corporate level in financial and strategic planning, merger/acquisition transactions, financial and treasury management and budgeting and financial forecasting. He has served on the Boards of Directors of various non-profit community organizations in the past. Mr. Clagg graduated with a Bachelor of Science Degree from Southern Illinois University-Edwardsville.What makes a 50 year old CFO pulling down $300K a year just jump ship like that?
I wonder who might be next?