PDI announces retirement of CEO

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Contract sales firm PDI has announced that Michael Marquard, CEO and a member of PDI's board of directors, has retired.  

According to a statement, Jeffrey Smith, PDI's executive vice president, finance and chief financial officer, will serve as the interim CEO.  Additionally, John Dugan, chairman of the board and a former CEO at PDI, will “play a more active role in overseeing operations” while the company looks for a new CEO.  James Farrell, VP, controller, will assume Smith's CFO duties in the interim.

The CEO search is headed by Jan Martens Vecsi, a member of PDI's board of directors.

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