Silicon Graphics International (SGI) announced Wednesday morning that Mark J. Barrenechea has tendered his resignation as president, CEO and member of the Board of Directors, effective January 1, 2012. Ronald D. Verdoorn, Chairman of the Board of Directors, will serve as interim CEO while the board conducts a search for a replacement.
Silicon Graphics International gapped open lower Wednesday and spiked to the downside in early trade, but settled into a range for the majority of the day. The stock finished down by 2.55 at $11.48 on the highest volume of the year and closed at over a 2-month low.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.