Angeion Corp. (NSDQ:ANGN) says it will part ways with current CEO Philip Smith after less than six months on the job.
The St. Paul, Minn.-based company said the move was a “mutual decision of Mr. Smith and the Company’s board of directors,” in regulatory filings. Smith, who took over the corner office on January 1, 2011, will also give up his seat on the company’s board of directors, which he has held since 2007.
Smith was named Angeion’s CEO in November 2010.
Greg Lehman will succeed Smith as interim CEO, effective immediately. Lehman recently served as CEO of Health Fitness Corporation, a fitness center management company, from 2007 to 2010, according to Angeion officials.
“Our board is considering options for filling the vacancy in our management team resulting from Mr. Smith’s resignation and will promptly make a decision about these matters that will be publicly announced as soon as practicable,” said Mark Sheffert, Angeion’s chairman in a prepared release.
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