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Wednesday, March 26, 2008

Integrity Names COO

News summary by MFWire's editors

Laura Anderson has been promoted to chief operating officer of the mutual fund division of Integrity Mutual Funds. Anderson's previous title with Integrity was mutual fund operations manager.
Laura Anderson
Integrity Mutual Funds

The COO position is newly created, according to a spokeswoman for the company. The position's responsibilities were previously handled by CEO Mark Anderson, who resigned earlier this month.

The company is still going through the due diligence process with respect to the CEO position with Bradley Wells filling in on an interim basis.

Company Press Release

MINOT, N.D.--(BUSINESS WIRE)--Integrity Mutual Funds, Inc. (IMFD.OB), a mutual fund and financial services company, announced today that Laura K. Anderson has been promoted to Chief Operating Officer of the Mutual Fund Division for the company.

In her new role, Ms. Anderson will be responsible for the day-to-day operations of the Mutual Fund Division. Ms. Anderson joined Integrity in 1999 as a fund accountant. She has also served as fund accounting manager and most recently held the position of mutual fund operations manager.

Ms. Anderson holds a B.S. in Finance and Management from Minot State University. Integrity Mutual Funds, Inc. is publicly traded over the OTC Bulletin Board under the symbol IMFD.OB. With its subsidiaries, Integrity Money Management, Inc., Integrity Fund Services, Inc., and Integrity Funds Distributor, Inc., the firm sponsors, manages, and advises mutual funds. IMFD also owns Capital Financial Services, Inc., a full-service brokerage firm that specializes in providing investment products and services to 450 independent investment representatives, financial planners, and investment advisors throughout the United States. More information is available at http://corp.integrityfunds.com or by calling 800/276-1262.  

Correction: An earlier version of the story incorrectly stated that Integrity was searching for a new CEO.

Edited by: Erin Kello

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