IT Group Names New Acting President/CEO

Date: November 8, 2001

Source: News Room

Pittsburgh-based environmental engineering and construction firm IT Group Inc. (NYSE:ITX) has announced that Vice Chairman Francis Harvey has been named acting president and chief executive, succeeding Anthony DeLuca, who resigned. In recent months, IT Group has struggled to make a profit. It reported a quarterly net loss of $1.1 million on Oct. 20. Earlier this month it retained Lehman Brothers to help it explore ways to cut its debt, including through the possible sale of some of its businesses.

Sign up to receive our free Weekly News Bulletin