|Velico Medical CEO Doug Clibourn to Retire May 31 - 16.05.2013
Velico Medical, Inc, a portfolio company of ProgressNow!, has announced that Douglas L. Clibourn, the company´s President and Chief Executive Officer, has decided to retire as an officer of the company on May 31. Velico´s Board of Directors has elected Clibourn non-executive Chairman of the Board effective June 1 at which date Clibourn will also begin serving as a consultant to the company.
Thomas A. Fitzgerald, Chief Financial Officer has been elected as Interim President and Chief Executive Officer.
Below the original press release of Velico Medical, Inc