Internap COO Departs

Internap Network Services (INAP) said Monday that chief operating officer Vincent Molinaro is leaving the company "to pursue other interests." Molinaro will remain as an Internap employee during a transition period to last through June 30. His departure was announced in a brief statment in an SEC filing.

The move is the latest in a series of executive changes since Internap shares lost a third of their value in mid-March after the company reported that it would delay filing its annual report with the SEC as it sorted out up to $2 million in customer credits related to service outages on the Vitalstream CDN network. On March 27 Internap named George E. Kilguss III as its new Chief Financial Officer.