Aspect Medical Systems Announces Departure of Chief Financial Officer
NORWOOD, Mass., Nov 25, 2008 (BUSINESS WIRE) -- Aspect Medical Systems, Inc. (NASDAQ: ASPM) Aspect Medical Systems announced today that Michael F. Falvey, Vice President and Chief Financial Officer, has resigned effective December 31, 2008 to pursue other opportunities.
Until a successor is elected, Mr. Falvey's responsibilities will be assumed by J. Neal Armstrong, who served as Aspect's chief financial officer from 1996 to 2005. Mr. Falvey will assist Mr. Armstrong in an advisory and consulting capacity during the first quarter of next year.
Mr. Falvey said "working at Aspect these past four years has been an extraordinary opportunity, and I am honored to have been part of this management team. While leaving is difficult, I know that the company is in good hands."
Nassib Chamoun, CEO, said "Mike has played an integral role in Aspect's global growth and development. In addition to his contributions to the Company's strategy, he has done an excellent job in keeping us fiscally disciplined and has been a valued member of the executive team."
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