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Stereotaxis CEO Michael Kaminski To Step Down

Stereotaxis, Inc. (STXS) said Tuesday that Michael Kaminski will step down as President and Chief Executive Officer, effective April 12, to accept a position as division president of a company in an unrelated field.

The Stereotaxis Board has appointed Chairman William Mills III as interim CEO and created an interim Office of the Chief Executive, with Director Dr. Euan Thomson providing support and guidance in certain areas to ensure a seamless transition to new company leadership.

Augmenting that office will be a senior executive committee representing the company's business segments.

The company said its Board will immediately retain an executive search firm to assist in conducting a comprehensive search for a successor.

Kaminski, who joined the company in 2002 as Chief Operating Officer, was appointed President and COO in 2007, and then Chief Executive Officer in January 2009.

by RTT Staff Writer

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