Nugent, older brother to musician and gun-rights activist Ted Nugent, was previously the founder and CEO of Precision Dermatology, which was acquired by Valeant Pharmaceuticals last year. Nugent has also served as CEO of Ascension Orthopedics, Revlon and Neutrogena.
Last August, Nugent took over for outgoing CEO Federico Pignatelli, who was forced to retire after a feud with major stakeholder Oracle Partners.
Oracle accused Pignatelli of “improper Board manipulations” and sought a court order to reorganize the company’s board. A Delaware Supreme Court ruling handed down in June forced Pignatelli to retire as CEO, making way for new acting CEO and board member Jeffrey Nugent and new board chairman Paul Clark.
Sanuwave CFO Jenkins steps out, Sundstrom steps in
Sanuwave Health (OTC:SNWV) said yesterday CFO Barry Jenkins will step down to take a top management position with a different medical service company. Company comptroller Lisa Sundstrom is set to take over after Jenkins leaves, effective July 31.
Illuminoss tags Ex-Zimmer Ridgwell as sales veep
Orthopedic fracture repair company Illuminoss said today it has appointed Clive Ridgwell, who spent 21 years as an executive at Zimmer, as the new vice president of sales to help advance the company’s commercialization strategy.
Theralase bolsters sales team
Therapeutic laser developer Theralase said they have expanded their sales and marketting team in preparation for the launch of its TLC-2000 therapeutic laser, which it anticipates will win Health Canada approval later this year.