June 2, 2016 / 11:47 PM / in 2 years

BRIEF-Parkit Enterprise announces suspension with pay of CEO, CIO & CFO

June 2 (Reuters) - Parkit Enterprise Inc

* Parkit Enterprises Inc. suspends Richard Baxter, Patrick Bonney And Simon Buckett as officers and announces engagement of advisors

* Says suspends with pay Richard Baxter, president and chief executive officer

* Board has engaged Bryan Wallner, who is one of current independent directors of board, to serve as interim CEO

* Board took this step due to concern that dissident officers are conflicted,unable to properly exercise fiduciary duties

* Says suspends with pay Simon Buckett, chief financial officer

* Says suspends with pay Patrick Bonney, chief investment officer of parkit

* Board has engaged Nigel Kirkwood to serve as interim CFO during suspension period

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Further company coverage: (Bengaluru Newsroom: +1-646-223-8780; )

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