iCad CFO/COO Burns departs
iCad (NSDQ:ICAD) said that CFO/COO Kevin Burns will step down to pursue a new career opportunity. VP and Corporate Controller R. Scott Areglado will step up as intern CFO, CEO Ken Ferry and exec VP of marketing and strategy Stacey Stevens will take over as COO.
Areglado, who has been VP and corporate controller since 2011, has served in executive roles at Amica, Inc., where he led financial statement prep and accounting operations for the company. He also supported the acquisition of Amicas, Inc. by Merge Healthcare.
“Given Scott’s many years of experience with iCAD as vice president and corporate controller, we believe Scott is well prepared to manage the company’s financial activity while we conduct a search process for a new CFO,” CEO Ken Ferry said in prepared remarks. “Stacey and I look forward to continuing to work closely with the rest of our leadership team to ensure strong continuity as we continue to execute on our strategic plans. To that end, we remain on track with our key growth drivers, including potential FDA approval of our breast tomosynthesis cancer detection solution by the end of the third quarter as well as continued progress in signing new skin brachytherapy customer agreements. In addition, we are working to close the potential sale of our MRI-CAD business solutions, which will further strengthen our cash resources. Finally, we have made significant progress in expanding our sales team with the anticipated addition of 5 commercial personnel by the end of the quarter across both segments of our business.”