Cutera (CUTR) CEO Resigns

August 18, 2016 4:12 PM EDT
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Cutera, Inc. (NASDAQ: CUTR) today announced the resignation of Kevin Connors as President, Chief Executive Officer and member of the Company’s Board of Directors effective immediately. Ron Santilli, the Company’s Executive Vice President and Chief Financial Officer, has been named Interim Chief Executive Officer. The Company’s Board of Directors has formed a Transition Committee that will undertake a national search for a permanent President and Chief Executive Officer.

Ron Santilli commented, “I want to thank Kevin for the leadership he has provided and the significant contributions he has made during the past eighteen years since co-founding the Company, and wish him the best in his new endeavors. I am pleased with our recent performance of achieving double digit year-over-year revenue growth for the past eight quarters and significantly improving our financial performance. We have the right people and the right strategic initiatives in place to execute our plans to increase market share and to continue realizing improved financial performance - and our balance sheet remains strong. We reiterate the financial guidance that we provided to investors on our second quarter 2016 conference call on August 1, 2016 as it pertains to our expectations for the third quarter and the balance of the calendar year. As well, we remain fully committed to the new product roadmap and launch schedule that we have previously communicated.”

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