Digital Angel (DOC) Retains Korn/Ferry to Initiate Search for New CEO
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Digital Angel Corporation (Amex: DOC) has retained Korn/Ferry International to initiate a search for a new chief executive officer of the Company. Lee J. Artimovich, Office Managing Director and Senior Client Partner, and Ann Quackenbush, Client Partner, will spearhead the search.
On August 9, 2007, Digital Angel announced it appointed current Board member Barry M. Edelstein its interim Chief Executive Officer while it conducts a comprehensive search for a new CEO. The Company expects to be in a position to announce a new CEO by the end of the year. Digital Angel's Board of Directors seeks a small-to-mid-cap strategist with an ability to articulate the Company's corporate positioning and vision, while improving the Company's financial position.
Digital Angel Corporation is majority-owned by Applied Digital Inc. (NASDAQ: ADSX), which also owns a majority position in VeriChip Corporation (NASDAQ: CHIP).
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