Merge appoints interim CEO

Posted by Tracy Coenen on May 17, 2006 · Leave a Comment 

Bill Mortimore, the founder and former chief executive of Merge Technologies Inc., has been named interim chief executive officer. This follows the resignation of CEO Richard Linden, who resigned after problems with the company’s financial statements were found and the company’s stock value dropped significantly.

Merge is seeking a permanent replacement CEO, and also is conducting a search to replace the current chief financial officer Scott Veech.

The company is currently conducting an investigation into its accounting and financial matters. Merge found errors in its second and third quarter financial statements from 2005. The company is also in violation of National Association of Securities Dealers (NASD) rules because it has not yet filed its 2005 annual report.

Tags: , , , , ,


Related Posts

  1. Merge executives resign and stock price plummets
  2. Update on Merge Technologies
  3. Nasdaq gives Merge a July 7 deadline
  4. Merge discloses accounting errors and irregularities
  5. Losses and changes at Merge Technologies

Leave a Comment

Comments containing profanity, personal attacks, threats, abuse, hate speech, or otherwise objectional content will not be published. Do not assume that the author of this blog agrees with or endorses any comments made by commenters. Promotion of MLM companies is not permitted, and that includes linking to MLM sites and making unsubstantiated earnings claims.