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News Breaks | | | | January 14, 2013 | | 08:18 EDT |  | FARO | FARO says Managing Director termination not for misconduct
FARO Technologies disclosed late Friday that it received multiple requests for additional information regarding David Morse's separation from the company. Jay Freeland, FARO's CEO, noted the following, "Dave has been an effective manager of the Americas region during his tenure with us, and we are appreciative of all of his work on behalf of the Company. His termination with the Company was not by reason of any misconduct; rather, he remained a valued team member throughout his time with the Company, and we wish him all success. As with our recent move in Europe, this move is driven by our desire to position the Company for future growth and is not a reflection, good or bad, on prior performance, which we look forward to discussing in connection with our regularly scheduled earnings release." FARO said it currently searching for a replacement for Morse and that Freeland will assume responsibilities for the Americas Region for the time being. | |
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