Monday, dermatological products maker PhotoMedex, Inc. (PHMD) said that its president and chief executive officer, Jeffrey O'Donnell, has resigned from the company and the board to pursue other business interests. The board named current chief financial officer Dennis McGrath as its new president and CEO, effective immediately.
The new CEO, McGrath, has been serving the company as CFO since joining in January 2000.
"Over the years he has demonstrated to us his thorough understanding of all aspects of our business and we are confident in his ability to strategically leverage the global presence we have established," stated Richard DePiano, chairman of the board, about McGrath's appointment.
PHMD is currently trading at $1.00 per share, up 5.26%, on the Nasdaq.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.