Erik Prince Resigns as Blackwater CEO

West Michigan Native Erik Prince has Resigned as Blackwater CEO

Erik Prince–the West Michigan native who founded the private mercenary company Blackwater using money from the Prince family fortune–has resigned as CEO of the infamous company.

Prince announced that he will no longer be CEO of the company, instead he has appointed a new president. Prince will stay on as Chairman but will no longer oversee day-to-day operations.

Blackwater recently rechristened itself “Xe” and is in the midst of a rebranding and restructuring effort following the loss of its coveted State Department contract in Iraq and the continued negative publicity following the shooting of 17 Iraqi civilians in 2007.

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Author: mediamouse

Grand Rapids independent media // mediamouse.org