Demoted exec shoots CEO, himself in Chicago office

Windsor Genova – Fourth Estate Cooperative Contributor

Chicago, IL, United States (4E) – An executive of a technology company despondent over his demotion shot his boss and himself inside an office in Chicago’s financial district on Thursday morning.

The shooting killed Anthony DeFrances, 59, chief technology officer of ArrowStream, and critically wounded Steven LaVoie, 54, the company’s CEO. LaVoie is being treated for gunshot wounds in the head and stomach at the Northwestern Memorial Hospital.

DeFrances, who had been an employee of ArrowStream since 2001, asked for a one-on-one meeting with LaVoie after his demotion on Friday, according to Chicago Police Supt. Garry McCarthy. At the meeting on Thursday, DeFrances pulled out a gun and a struggle ensued before shots rang out at 9:55 a.m.

A SWAT team went to the ArrowStream office on the 17th floor of the Bank of America building on 231 S. LaSalle St. No evacuation happened but the building administrator warned people of an armed intruder and to stay in their offices.

ArrowStream provides supply chain software to manufactuers, distributors, chains and brand customers for improved operation, reduced freight costs, lower inventory levels and better strategic decision making. McCarthy said the company was downsizing and demoting employees.

 

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