Signature Group Holdings, Inc. Announces Departure of Kenneth Grossman as President Feb 9, 2012 01:02AM

SHERMAN OAKS, CA -- (MARKET WIRE) -- 02/09/12 -- Signature Group Holdings, Inc. (the "Company" or "Signature") (PINKSHEETS: SGGH) today announced the resignation of its President, Kenneth S. Grossman. He is expected to depart the Company in April following the filing of the Company's 2011 Form 10-K with the SEC. Signature has entered into a consulting agreement with Mr. Grossman pursuant to which Mr. Grossman will continue to provide advice and counsel to Craig Noell, the Company's Chief Executive Officer. Mr. Grossman will also continue to work with Mr. Noell and Signature's corporate development staff to identify acquisition and other opportunities to the Company. "We are sorry to see Ken depart," said John Nickoll, Chairman of the Board, "he ...



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