Internap Network Services (INAP) said Monday that chief operating officer Vincent Molinaro is leaving the company "to pursue other interests." Molinaro will remain as an Internap employee during a transition period to last through June 30. His departure was announced in a brief statment in an SEC filing.
The move is the latest in a series of executive changes since Internap shares lost a third of their value in mid-March after the company reported that it would delay filing its annual report with the SEC as it sorted out up to $2 million in customer credits related to service outages on the Vitalstream CDN network. On March 27 Internap named George E. Kilguss III as its new Chief Financial Officer.