RMG Networks Announces Chief Operating Officer Loren Buck to Step Down at End of Quarter
RMG Networks Holding Corporation (NASDAQ: RMGN), today announced that as part of an ongoing effort to streamline its leadership team and further rationalize its cost structure, Loren Buck, the company's Chief Operating Officer, will be stepping down to pursue other professional opportunities.
Mr. Buck has been at RMG Networks since 2013 and will remain with the company through the end of the first quarter to ensure the continuation of a smooth transition of leadership and responsibilities. The company is transitioning the duties of the COO to the current senior leadership team, which will allow resources to be reallocated to further strengthen growth initiatives.
"I want to take this opportunity to recognize Loren for his accomplishments and thank him for his many contributions to the company," commented Bob Michelson, Chief Executive Officer. "Loren's leadership has played a key role during a time of significant transition for the company. With many of the initiatives that Loren helped implement over the last several years starting to gain traction, the company is now on more solid footing for future success. We sincerely wish him well in his next endeavors."
"I am proud to have been a part of the company over the last three years and feel privileged to have worked with so many talented individuals during that time," said Mr. Buck, "It is with a heavy heart that I am stepping down, but I am excited to move on to my next professional challenge and I look forward to following RMG in its future successes."
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