Penson Worldwide Inc fka PNSNQ

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Mr. Engel will continue to report to Mr. Pendergraft , who made todays announcement. "In his new role, Bryce will be responsible for all of our operating businesses and product lines, including global technology, on a day to day basis," said Mr. Pendergraft . "This change will enable me to focus more on bigger picture issues, including corporate strategy, risk management, and the implementation of many of the strategic initiatives we announced today."

looks like he needed a buffer for future " Stuff", distance is the name of the game.