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TomoTherapy, Avalon come to board solution

This article was originally published in Clinica

  • News
  • Joseph Harvey  

Executive Summary

Radiation therapy specialist TomoTherapy has agreed to elect two independent members to its board of directors after being pressed by disgruntled shareholder Avalon Portfolio. Jonathan McCloskey, portfolio manager at Avalon, has joined the TomoTherapy board in a bid to help enhance shareholder value. Madison, Wisconsin-based TomoTherapy has also agreed to employ an additional independent director, thus swelling the number of board members to eleven. Avalon had originally been pushing to have four new board members elected to TomoTherapy’s board (see Clinica No 1331, p 21) after claiming the firm was “squandering its market leadership”.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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