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Coming off a financially “disappointing” year, Ingalls executive vice president and chief operating officer Tom Block resigned last week to join a New York-based Internet company.
One of three principal owners (along with chairman and chief executive officer Bink Garrison and president Steve Connelly), Block will be cashed out, according to representative David Swaebe.
Ingalls has no immediate plan to appoint a new chief operating officer. Instead, Block’s financial responsibilities have been turned over to Steve Doherty, a 14-year veteran promoted to senior vice president and chief financial officer.
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