Stereotaxis CFO Sam Duggan to Resign
Stereotaxis (NASDAQ: STXS) has announced that Sam Duggan, Chief Financial Officer, will resign from the Company, effective February 22, 2013. Serving as Stereotaxis CFO since October 2011, Mr. Duggan is leaving to accept a CFO position with a large, privately held company headquartered in St. Louis. Martin Stammer, Vice President and Controller, will assume the role of Interim CFO.
Michael Kaminski, Stereotaxis Chief Executive Officer, said, "Sam joined the company during a difficult period and has been instrumental in significantly reducing our cost structure and improving our financial performance. We will miss his thoughtful counsel and collaborative leadership but wish him great success in this new opportunity at a much larger company."
Upon Mr. Duggan's departure, Mr. Stammer will be promoted to Principal Accounting Officer and Interim CFO. Since joining the Company in October 2009, he has assumed increasing levels of responsibility. Promoted to Corporate Controller in August 2011, he was then named Vice President and Controller in August 2012.
"Marty has proven to be a valuable member and leader within our financial organization over the past few years, playing a key role in developing and executing our strategic financial initiatives, as well as