Bloomberg reports Andy Moser, the co-founder and chief executive officer of Salus Capital, has left the firm following losses from its $250 million loan to RadioShack Corp. according to four people familiar with the situation.
The departure comes as owner HRG Group, formerly known as Harbinger Group Inc., reviews options for Salus, including a sale of the firm, according to one of the people. According to Bloomberg, the 2013 loan to RadioShack was by far the largest by the Needham Heights, Massachusetts-based lender, which caters to distressed companies.
Read the Bloomberg article, Salus Capital CEO Said to Leave Firm Following RadioShack Losses, by clicking here.