Medical Action Industries (NSDQ:MDCI) CFO John Sheffield walked out the doors on Friday, June 28, resigning his position effective immediately, according to regulatory documents. Company documents did not cite a reason for Sheffield’s departure.
In his place, the disposable medical products maker promoted company controller Brian Baker to serve as vice president of finance and principal accounting officer.
Baker’s promotion includes a $200,000 salary and a bonus of up to 35% of his base salary, according to an SEC filing.
Last month the company named board member Paul Chapman its president as well as its 1st COO.