DRI Healthcare Trust and DRI Capital Inc. Announce Executive Changes [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
The Board of Trustees of the Trust (the "Board") has appointed Gary Collins as the interim CEO of the Trust in addition to his role as Chair of the Board. DRI Healthcare has named Ali Hedayat as its interim CEO. Sandy Kwan has been appointed as interim CFO of both the Trust and DRI Healthcare. The Board demanded and received the immediate resignation of Behzad Khosrowshahi from the Board of Trustees and as CEO of the Trust, and he also resigned as CEO of DRI Healthcare. The changes come as a result of an ongoing investigation of irregularities related to certain alleged consulting and other expenses presented by Behzad Khosrowshahi to DRI Healthcare and the Trust for reimbursement. Upon being made aware of these alleged irregularities, the independent members of the Board of the Trust immediately launched an investigation, which is being conducted by a team of independent legal counsel and forensic accountants, and directed and overseen by the Trust Audit Committee which is made
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