Shake-Up at Monster

SAN FRANCISCO, June 6 (Reuters) — Shares of Monster Worldwide Inc., the parent of the jobs Web site Monster.com, fell more than 2 percent on Wednesday after it said its chief financial officer was resigning as part of a management shake-up.

Timothy T. Yates will immediately replace the finance chief, Charles Baker, who is leaving to pursue other interests, the company said.

Monster shares fell 2.2 percent, to $44.85, in extended trade, after closing down 28 cents, or 0.6 percent, at $45.86.

The change reunites Mr. Yates, previously finance chief at Symbol Technologies, with the chief executive of Monster, Sal Iannuzzi, who held the same position at Symbol before selling it to Motorola Inc.

Mr. Iannuzzi was named chief executive of Monster in April, becoming the company’s third leader in less than a year. via NY Times.com