Savvion CEO says he is stepping down from Alten CEO position
Savvions CEO Matthew Aten said he was stepping down following a string of missteps that included allegations of fraud.
Aten, who has been with the company for 18 months, said in a statement to Mashable on Thursday he had decided to resign from the Alten business management role.
In a statement, Alten said it was a difficult decision and was “truly saddened by the news.”
Aten previously worked at JWT Inc., which is now part of Alten.
A Ten spokesperson declined to comment on the allegations.
In an interview with The Associated Press in December, Aten was asked if he believed he had “made some mistakes.”
“No,” he said.
A Ten spokesman said in December that the company’s board had “taken all of these steps to ensure the safety and security of the company and its employees.”
In January, Altsa announced it had hired a new chief operating officer and executive chairman.
A few months later, Altegrity, the parent company of Savvian, said it had bought the company.
Alten’s board, in December 2016, voted to make the Altsas board chairman, which was later confirmed by a special meeting.
The Altsans board also voted to create a task force that will review Altsatas business and governance practices.
In January 2017, Alsas board announced a new CEO, which Aten is now the chairman of.
Altsavion was also bought by a Chinese firm in September 2016, but that deal is not being disclosed.
Altegrafian, who was Altsassian’s head of global financial services, said on Twitter in January that he was retiring after serving the last three years.
He did not elaborate.
The news comes amid an ongoing debate in the U.S. over whether American corporations should be allowed to buy foreign companies and use the proceeds to fund domestic investment.
Critics of that proposal, including Sen. Elizabeth Warren, have accused the Trump administration of using the money from Altsarion to prop up its own businesses.
Alsassian, in an interview on CNN on Tuesday, said he had no intention of taking any action against Altsao or Altsafian.
“No, I don’t believe I’ve done anything wrong,” he told CNN.
“This was a matter of judgment, as I have always said.
But I do feel that if we look at the facts, if we have a very clear view of what is happening in this country, I feel like it would be a mistake for me to do anything at this point.”
In a separate interview with Reuters, A Ten spokeswoman said: “The board has been very clear that it will not tolerate any type of misbehavior in the workplace and we have taken all steps necessary to ensure that the safety of our employees and the safety in the Alsafian community is respected.”
The Alsawian Group has about 40 employees in the United States.
The company has been under scrutiny from U.K. regulators after Altsamian’s acquisition of Savvas Global Holdings was delayed.
Financial Conduct Authority has opened an investigation into whether Savvas had breached anti-money laundering regulations.
Savvas, which is based in Dubai, had reported to the U,S.
regulator about concerns over its handling of money transfers in 2016.
Alsaafian, which has more than 80 employees in London, has been unable to comply with the regulator’s demands.