Private equity firm Apollo Global Management will take Rackspace private in the all-cash deal.
Christopher S. Terrill notified the e-retailer this week that he’s leaving.
Nutrisystem Inc.’s executive vice president of e-commerce and chief marketing officer Christopher S. Terrill notified the company this week that he would be leaving to pursue other opportunities. He is expected to depart in a few weeks, according to a company spokeswoman.
The company plans to conduct a formal search to find his replacement, the spokeswoman says. In the interim, chairman and CEO Joe Redling will be more involved in the day-to-day operations of the company's marketing department, the company says.
Terrill was drawing a salary of $294,616, according to a proxy statement filed with the U.S. Securities and Exchange Commission. His total compensation, including stock awards of $569,721 and other compensation, amounted to $1,165,955.