Motus gi announces executive leadership restructuring and additional cost saving initiatives to support near-term milestones
Fort lauderdale, fla. , april 13, 2023 (globe newswire) -- motus gi holdings, inc. (nasdaq: mots) ("motus gi" or the "company"), a medical technology company focused on improving endoscopic outcomes and experiences, today announced executive changes and restructuring as part of its strategy to reduce operating costs while supporting key value creation drivers, including ongoing r&d efforts to bring pure-vu upper gi, and an enhanced lower gi platform to market, while continuing to support existing customer base and target pipeline opportunities in contracted health systems. as part of the executive changes, mr. moran has elected to step down as chief executive officer (ceo) of the company to pursue other business opportunities. mr. moran will remain on the board and has been appointed chairman of the board, succeeding david hochman, who will remain an independent director, effective immediately. mark pomeranz, the company's current president, chief operating officer, and director and former ceo of the company, has been appointed as the company's ceo, effective immediately. mr. moran will work closely with mr. pomeranz to support a smooth transition and maintain key relationships with motus gi's stakeholders.
MOTS Ratings Summary
MOTS Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission