Fusion-io founders quit to start new venture, shares slump

(Reuters) - Memory drive maker Fusion-io Inc said founders David Flynn, the chief executive, and Rick White, chief marketing officer, have resigned to set up another venture, sending the company's shares down more than 25 percent in early trading. Director Shane Robison will succeed Flynn, effective immediately. Flynn, who has been chief executive for two years, took the company public in June 2011. The company's stock peaked at $41.69 in November 2011 but has fallen sharply since then. The stock was trading at $13.63 on Wednesday morning. ...



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