05:58 PM EDT, 09/23/2024 (MT Newswires) -- B. Riley Financial ( RILY ) said Monday Kenny Young has resigned as company president.

Young, who also stepped down from other roles including as chief executive officer of B. Riley Principal Investments, will remain on board as a consultant with a $250,000 fee for the entire one-year consulting agreement with the company, it said a regulatory filing.

B. Riley also said that certain services agreements between its indirect subsidiary, BRPI Executive Consulting, and Babcock & Wilcox Enterprises have been terminated.

Young is the CEO of B&W, it said.

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