Stillwater Mining Co. Chief Executive Retires - KFBB.com News, Sports and Weather

Stillwater Mining Co. Chief Executive Retires

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The Chief Executive of Montana's largest publicly traded company has retired. This comes in the wake of a corporate shake-up led by former Montana Gov. Brian Schweitzer. Representatives of Stillwater Mining company said  the retirement of frank mcallister would go into effect immediately.

 
He's been with the company since 2001, but lost his post as chairman of the board last month to schweitzer.
 
The two-term *democratic* governor recently teamed up with a new york hedge fund to oust half the company's board of directors. The *alleged* mismanagement by mcallister put  more than 16-hundred jobs at risk.
 
A company spokesman says mcallister will not comment on his departure.
 
The announcement came after the markets closed. Stillwater was down 20 cents, to 12 dollars and  21 cents , on the new york stock exchange.

 

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