The board of publicly traded Smithtown technology company iGambit Inc. has “unanimously voted to remove” its president and chief executive officer after three months, the company said in a government filing.
Rory T. Welch, who was dismissed as iGambit’s president and chief executive, will continue as chief executive of ArcMail Technology, an iGambit subsidiary, said the Securities and Exchange Commission document filed Monday.
The board named John Salerno, iGambit chairman, as interim president and chief executive.
Shares of iGambit, a 20-year-old holding company, were trading unchanged over the counter at 15 cents midday Tuesday. The stock has climbed 50 percent in the past 12 months.
ArcMail, based in Shreveport, Louisiana, provides email and email archiving services to the business and government markets. Clients include the Canadian Parliament and the St. Louis Public Schools, according to the company website.
Welch joined iGambit when it acquired Wala Inc., doing business as ArcMail Technology, in a stock deal for up to 11.5 million iGambit shares, which was announced in November 2015.
Welch was president and chief executive of ArcMail, and was named iGambit chief executive in July, succeeding Salerno.
In a telephone interview, Salerno said the executive shake-up would allow Welch to focus on the ArcMail business while he concentrates on iGambit.
“We’ve got two companies and we should be focused on two companies,” he said.