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Retailer Fires CFO For Social Media Leak

HOUSTON (UPI) — U.S. clothing and accessories seller Francesca’s said it had fired Chief Financial Officer Gene Morphis for sharing company information on a social Web sites.

The company said it had investigated Morphis’ behavior with help from an outside council and “found that he improperly communicated company information through social media.”

The firm said it was already searching for a new CFO with the firm’s controller Cynthia Thomassee serving as interim CFO until a more permanent replacement is found.

“We are disappointed by this situation but we expect our executives to comply with all company policies. We acted immediately on Friday afternoon when we first became aware of the matter and have moved swiftly to replace Mr. Morphis based on the findings of the investigation,” said Chairman of the Board Greg Brenneman.

The company did not reveal what information Morphis had shared or name the social media Web site he used to disclose it.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

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