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 has spiked to the downside in early trade. Shares are now down 2.66 at $11.37 on strong volume. The stock has dropped to over a 2-month low and has fallen below its 50-day moving average.
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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.