Educational toymaker LeapFrog Enterprises said its vice president,
controller and chief accounting officer, Karen Luey, has resigned,
effective April 20, to pursue a management position with another
company…. Luey is the most recent in a string of departures and
shuffled responsibilities among senior management at the struggling
toymaker, currently in the throes of a massive turnaround effort.
LeapFrog reported a full year 2006 loss of $145 million on a 22 percent
decline in net sales to $502 million.
Brent Felgner, www.playthings.com, March 29.
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