MF Global chairman and CEO Jon S. Corzine resigns from all positions

By Caroline Salls

Pittsburgh, Nov. 4 - MF Global Holdings Ltd.'s board of directors has announced the resignation of chairman and chief executive officer Jon S. Corzine from all posts at the company, according to a news release.

Corzine will not seek severance payments in connection with the resignation.

The company said lead director Edward L. Goldberg and president and chief operating officer Bradley I. Abelow will continue in their current positions.

MF Global, a commodity and derivatives broker based in New York, filed for bankruptcy on Oct. 31. Its Chapter 11 case number is 11-15059.

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