Wow, MJ is stepping aside, would like to hear opinions on this.
Pyng begins search for new CEO
2005-07-25 09:48 ET - News Release
Mr. Michael Jacobs reports
PYNG MEDICAL ORGANIZES TO GROW COMPANY TO NEXT LEVEL
Pyng Medical Corp. in consultation with the board of directors, has embarked upon a search for a seasoned chief executive officer to take over from Michael W. Jacobs. An executive search committee, drawn from the board members and lead by Mr. Jacobs has been formed. This search will take place over the next six months or sooner and potentially employ a professional management consultant to expedite the process. The company will be actively seeking an individual who brings to the position a proven record in the development of rapid growth companies like Pyng Medical Corp.
Pyng Medical, founded by Michael W. Jacobs, has been brought to the point of growth where it is now a viable medical device manufacturer, is reporting major sales growth, has achieved profitability and is poised for even more significant growth via new strategic directions.
With Pyng Medical now firmly established, Mr. Jacobs believes that now is the appropriate time for him to pass the reins over to a CEO who will be aggressive in the development of a global market for the FAST 1 System, engage in new product developments and embark on strategic partnering and potential acquisitions.
The selected candidate will have proven leadership abilities and will bring to the table the appropriate skills sets to move Pyng Medical Corp. to the next level of growth and profitability.
Mr. Jacobs will remain as chairman, act as a consultant to the new CEO, and remain actively involved in the European marketplace.
We seek Safe Harbor. |
