Black Box CEO To Step Down After 20 Months In The Position

Black Box Corp. said Wednesday that Chief Executive Michael McAndrew will step down from his position, as the information technology infrastructure company searches for new leadership. McAndrew, who has been CEO since April 2013, and with the company since 1989, will remain available while the company conducts an external search for a new CEO. The stock, which was still inactive in premarket trade, has run up 18% over the past three sessions, after closing last Thursday at a 22-year low. It has still lost 30% over the past three months, and has tumbled 54% since the end of April 2013.