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Summit dismisses chief executive

This article was originally published in Clinica

Executive Summary

Summit Technology has terminated the employment of chief executive and chairman David Muller. A spokeswoman told Clinica the reasons were related to his performance. Mr Muller founded the excimer laser company in 1985 but saw its share price drop from more than $38 last December to $5.25 at the close on September 10th. Summit's board has appointed an executive committee chaired by Verne Sharma who will also serve as interim CEO.

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