PDI, Inc. (PDII) announced the retirement of Michael Marquard as Chief Executive Officer and as a member of the company's Board of Directors, effective today. The company will immediately begin a search for a new CEO.
A CEO search committee headed by Jan Martens Vecsi, a member of PDI's Board of Directors, has been formed and will engage the services of a retained search firm.
While the search is underway, John Dugan, Chairman of the Board, former CEO and founder of the company, will play a more active role in overseeing operations. Additionally, Jeffrey Smith, PDI's Executive Vice President, Finance and Chief Financial Officer, has been named interim CEO. James Farrell, Vice President, Controller, will be assuming Smith's CFO duties on an interim basis.
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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.