American Medical Electronics
This article was originally published in The Gray Sheet
Executive Summary
Removes Joseph Mooibroek as president and CEO but does not ask him to resign as a director of AME. The company says the move, which comes one week after AME's four outside directors asked Mooibroek to resign ("The Gray Sheet" April 4, In Brief), is in line with its plans to grow more aggressively by expanding into international markets and diversifying its product line. "The CEO search will focus on candidates with demonstrated ability to grow and diversify the company to the $100 million sales level and beyond," AME Chairman Arthur Schwalm says. Schwalm will serve as interim CEO until Mooibroek's replacement is named