Sunbeam Exec Who Issued Warning Quits

Sunbeam Corp. said the executive who disclosed the small-appliance maker’s deteriorating financial condition left the company last week. David Fannin, executive vice president and chief legal officer, warned Sunbeam’s directors about the company’s finances shortly before the board fired Chairman Al Dunlap in June. Fannin couldn’t be reached for comment. A spokeswoman for the Delray Beach, Fla.-based company said Fannin’s resignation was voluntary but declined to elaborate. Directors called Fannin, who was paid $313,000 last year, “a hero” and “courageous” for exposing Sunbeam’s financial condition. Sunbeam shares rose 31 cents to close at $9.44 on the New York Stock Exchange.