Getting your player ready...
RALEIGH, N.C. — The Blackwater name is gone. So is the focus on the security business that made it famous. Now, the founder who built the private company into one of the world’s most respected — and reviled — defense contractors is stepping aside as its chief executive.
Erik Prince’s decision Monday to relinquish his role as president and CEO underscored how hard the company now called Xe is working to bury the Blackwater brand and move its focus further away from the security contracting that severely tarnished its reputation.
