Stock Watch: QRS Sinks on President’s Resignation

QRS Corp. (Nasdaq: QRSI) fell 2 1/2 to 16 Thursday after the company said its president and chief operating officer has resigned.

QRS, a Richmond, California-based company that makes e-commerce software for the retail industry, said Shawn O’Connor is leaving to pursue new opportunities. Chairman Peter Johnson will take over until a replacement is found.

In separate news, QRS also said that Sean Salehi joined the company as chief technology officer. Salehi comes to QRS from Fair, Isaac & Co., where he was chief information officer.

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