Rob Cunningham has quit as chief executive of UK payments outfit earthport after three years at the helm.
Cunningham was installed as CEO in January 2000 following a six-month suspension of earthport shares on AIM and agreement on a refinancing package for the cash-strapped outfit.
Shares in the company slipped 18.2% to a new low of 0.45 pence on the news yesterday, but have since regained their poise to stand at 0.58 pence by mid-day today.