OMAHA, Neb. — Company founder Vinod Gupta has resigned as chief executive officer of database provider InfoGroup Inc.
The Omaha-based company announced Thursday that Gupta had stepped down but will remain on the board of directors.
The company says board Chairman Bill Fairfield will replace Gupta as CEO and that a member of the board, Bernard Reznicek, has taken over as chairman.
The SEC is investigating spending by InfoGroup, which used to be known as InfoUSA, and certain trades of company stock. A shareholder lawsuit alleges the company misspent millions — some of it on former President Bill Clinton and his wife, Sen. Hillary Clinton.
The company says it has entered a “settlement agreement” with Gupta and others named in the lawsuit.
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On the Net:
InfoUSA Inc.: www.infousa.com
