Blackwater founder Erik Prince is stepping down as the North Carolina company's chief executive officer.
Prince said in a statement Monday that he has appointed a new president and a new CEO and that the moves were part of the Moyock, Currituck County company's "continued reorganization and self-improvement."
Prince founded Blackwater in 1997 and last month the company changed its name to Xe.
The company has had a contract to protect U.S. diplomats in Iraq, but last month the State Department said it would not rehire Blackwater after its current contract with the company expires in May.
A report by a House committee in October 2007 called Blackwater
an out-of-control outfit indifferent to Iraqi civilian casualties.
It said that Blackwater had been involved in nearly 200 shooting incidents since 2005.
Last week, a helicopter crashed during training at XE, killing one person.
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