Daniel Mudd Resigns from Fortress (FIG) Board
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Fortress Investment Group (NYSE: FIG) today announced that Daniel Mudd has resigned from the company and its Board of Directors. Fortress had previously announced that Mr. Mudd had requested and been granted a leave of absence from his role as chief executive officer of the company.
“I want to thank Fortress for the opportunity to help lead the company over the last few years,” said Mr. Mudd. “However, I do not want the uncertainty associated with a leave of absence, on my part, to become a distraction for either Fortress or its investors, and thus, I have decided to resign.”
Randal Nardone, Fortress principal and co-founder, will continue to serve as interim chief executive officer.
“I want to thank Fortress for the opportunity to help lead the company over the last few years,” said Mr. Mudd. “However, I do not want the uncertainty associated with a leave of absence, on my part, to become a distraction for either Fortress or its investors, and thus, I have decided to resign.”
Randal Nardone, Fortress principal and co-founder, will continue to serve as interim chief executive officer.
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