Retailer Fires CFO over Social Media

Francesca’s Holdings says finance chief Gene Morphis communicated company info.

Francesca’s Holdings Corp., a Houston-based retailer of apparel and accessories, fired Chief Financial Officer Gene Morphis for “improperly” communicating company information through social media.

The company began an investigation after discovering his activity on May 11, Francesca’s said today in a statement. A search for a new CFO is underway. Cynthia Thomassee, controller since 2007 and vice president of accounting since 2010, will serve as interim CFO, Francesca’s said.

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