The Carlsbad, Calif.-based company announced Friday that Russell Hall, who was president and CEO, resigned on Sept. 10.
James Riedman has assumed both titles, effective immediately. Riedman previously served as the firm’s CEO from 1996 to 2004, and as interim CEO from May 2006 to April 2007.
In a company statement, Riedman thanked Hall “for his dedication and contributions over these last 10 years. He leaves the business with strong momentum upon which we can build.”
Riedman is Phoenix’s third CEO in two years. He took over the position in February 2009, when Cathy Taylor stepped down.
The company also announced it is “considering moving away from [its] listing as a publicly traded company on the NYSE Amex and the associated Securities and Exchange Commission requirements.” It would instead seek to list and trade its stock on the over-the-counter market.