PSB&J says report on Zumwalt’s departure “inaccurate”

Florida Trend reports today:

A spokesperson for PBSJ Corp. has responded to a story that was included among the links in Tuesday’s Daily Pulse summary of Florida business news. C.L. Conroy, president of the Conroy Martinez Group, says the story, reported by Dan Christensen in the Broward Bulldog, an online site, inaccurately reflected the circumstances of CEO John Zumwalt’s resignation. Conroy says Zumwalt’s decision to resign was part of a succession plan established a year ago, and not the result of pressure from “a group of unhappy employee-shareholders,” as Christensen reported based on an anonymous source. “Zumwalt’s transition will happen when the company, which has an executive search under way, identifies an appropriate replacement, with the target date being no later than the end of the company’s fiscal year, Sept. 30, 2010. The timing of the announcement is a result of the company’s pending annual shareholders meeting next week. John is currently on the company’s proxy as a candidate for the board of directors, for which he continues to serve as chairman,” Conroy says. “To say Mr. Zumwalt is leaving ‘amid scandals’ is solely the opinion of the writer and not at all a fact,” says Conroy. “The PBSJ Corporation is self -investigating an overseas matter involving its international operations. The executive team has already been cleared of any involvement by the investigation, as reported in the company’s recent 10K filing with the SEC.”

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