James Datin gave his notice as executive vice president and managing director to Safeguard Scientifics (NYSE:SFE) after 8 years with the healthcare holding and growth capital company, according to a press release.
Datin will remain on the board at partner companies NuPathe, Sotera Wireless and NovaSom as a Safeguard representative, according to the release.
CEO Stephen Zarrilli, who took the reins in November 2012, said he’s "implementing a flatter organizational structure" after a review of the company’s capital deployment processes in the first 6 months of his leadership.
"This proposed structure will provide a professional platform designed to yield greater efficiency and effectiveness in deploying capital and realizing exits. We also intend to further develop our segment domain knowledge with several key hires," Zarrilli said in the release.