Fusion-io Inc. (FIO) announced Wednesday that Shane Robison has been named Chairman, Chief Executive Officer and President, effective immediately. David Flynn resigned as CEO and President to pursue entrepreneurial investing activities.
The company also announced that co-founder, Rick White, has resigned as Chief Marketing Officer to join Mr. Flynn.
Fusion-io gapped open sharply lower Wednesday, but traded in a range for the majority of the session. The stock closed down by 3.40 at $14.60 on the highest volume of the year. Fusion-io closed testing the lows of the year, trading at over a 2-week low.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.