CEO, CFO of ACS Resign Posts

The CEO and CFO of ACS have resigned in fallout from stock options practices.

The chief executive officer and CFO of Affiliated Computer Services Inc. (ACS) have resigned after an investigation into stock options practices found they violated the company's ethics code. CEO and President Mark A. King and CFO Warren D. Edwards will remain with the company during a transition period ending June 30, 2007. Chief Operating Officer Lynn Blodgett, 52, was named president and CEO.

ACS provides IT outsourcing for enterprise clients, including a range of data center and disaster recovery services. You can read more at WashingtonPost.com or the company press release on the ACS web site.