December 8, 2024
Cutera fires CEO and executive chair for cause in dispute over succession plan

Cutera fires CEO and executive chair for cause in dispute over succession plan

Cutera Inc., a Brisbane, Calif.-based provider of equipment for beauty treatments such as body sculpting, fired its executive chair Daniel Plants and its chief executive David Mowry for cause on Wednesday in a dispute about the company’s CEO succession plan.

The news sent the stock CUTR down 27% to put it on track for its biggest one-day percentage decline since May of 2018. In the first hour, 1.1 million shares traded, compared with a daily average turnover of 601,000 shares over the past 65 days.

The…

Source

Leave a Reply

Your email address will not be published. Required fields are marked *