BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Digirad Corporation (DRAD) Plans Executive Shuffle, Layoffs and Restructuring for Diagnostic Imaging


3/7/2013 8:56:15 AM

Diagnostic imaging company Digirad Corp. names a new president & CEO, restructures its primary business and warns of an undefined number of layoffs. Diagnostics imaging devices maker Digirad Corp.(NSDQ:DRAD) announced some big changes for its primary business, as well as an executive shift and a number of layoffs. The company hopes to "reduce costs and to focus on maximizing cash flow," and expects to complete restructuring efforts by the end of this year, according to a recent regulatory filing. Those efforts will include an undisclosed number of layoffs and a new CEO. Current Digirad Corp. president & CEO Todd Clyde will vacate the corner office, fully effective July 1, 2013, to be replaced by Matthew Molchan, who has served as president for Digirad Imaging Solutions since January 2012. Clyde will stay on as CEO until the end of June to help smooth the transition while the company undergoes its restructuring, Clyde told investors during a conference call last week. Molchan has already gained the president title as of late last month.


   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES