Digital Angel Corp. (DOC) Appoints Lorraine Breece as Acting CFO, Treasurer and VP of the Company
In Today's 8-K Filing From Digital Angel Corp. (AMEX: DOC): On May 18, 2007, the Board of Directors of the Company appointed Lorraine Breece as acting Chief Financial Officer, Treasurer and Vice President of the Company. Ms. Breece succeeds Thomas Hoyer, whose resignation, dated May 16, 2007, was accepted by the Company and will be effective May 23, 2007. Mr. Hoyer is leaving to pursue other interests and had no dispute with the Company regarding financial reporting matters, compliance or otherwise.
Ms. Breece is also acting Chief Financial Officer, Senior Vice President, Treasurer and Assistant Secretary of Applied Digital Solutions, Inc., (Nasdaq: ADSX), the Company's parent company. Ms. Breece will be responsible, among other things, for improving efficiencies and Company forecasting. Ms. Breece has extensive experience in mergers and acquisitions and would be helpful in the work associated with a potential transaction between ADSX and the Company, should the Company and ADSX decide to pursue such a transaction.
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