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Shares are down around 76% year-to-date.
David Tolley, the current Board member, has been appointed as interim CEO and will work alongside the company’s President and COO Anthony Yazbeck.
Daniel Hurwitz, lead independent Director, will now serve as Chairman of the Board and lead a special committee to search for a permanent CEO.
The company reported its Q1 earnings last week, beating EPS estimates and reaffirming its Q2 guidance.
