The McLean, Va., company said it had initiated a search for a new CFO. It named Dan Fraser interim CFO; he currently is senior vice president, principal accounting officer and global corporate controller.
Sicoli said in a statement that GTT "is on the right path for long-term success, and I plan to remain a significant shareholder." GTT said he was leaving to take a "more senior role with a data center and cloud solutions provider."
GTT shares were trading above $60 some 17 months ago. The shares on Tuesday were trading off around 9% at $8.17; they'd earlier traded as low as $7.55.
Save 57% With Our Labor Day Sale. Join Jim Cramer's Action Alerts PLUS investment club to become a smarter investor! Click here to sign up!