Head Of Xe, Company Formerly Called Blackwater, Resigns

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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  • by sameer Location: pakistan on Nov 30, 2010 at 09:50 AM
    hi, iam sameer from karachi, iam bomb disposal man . i want job in black water in karachi
  • by A Location: VBC on Apr 18, 2010 at 05:28 PM
    For those who do what others aren't allowed...Thanks CPLJ2091
  • by Scott Location: Afghanistan on Apr 10, 2009 at 02:53 AM
    Sounds if Mr. Prince knows some bad news is afoot, self preservation society kicking in!
  • by ~ALPHA female~ Location: O84P on Mar 21, 2009 at 07:17 PM
    Interesting... Robert Coleman, president and chief operating officer of Mantech resigned. ...Look at the mess KBR has been into! ...I see it happening, I'm watching it unfold....
  • by Rob Location: NC on Mar 2, 2009 at 07:23 AM
    Good. Very good. Maybe next, but not likely, will be an indictment on war crimes charges against this neoconservative Bush stooge.

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