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Stock impact report

STAAR names interim co-CEOs amid search for permanent leader [Yahoo! Finance]

STAAR Surgical Company (STAA) 
Last staar surgical company earnings: 2/26 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
STAAR Surgical has named Warren Foust and Deborah Andrews as interim co-CEOs as it seeks a permanent leader, the company said Monday. Stephen Farrell stepped down as CEO at the end of January, leaving the company after an activist investor successfully lobbied for STAAR shareholders to reject Alcon's $1.6 billion buyout offer. Foust and Andrews, STAAR's chief operating officer and chief financial officer, respectively, will manage the company's day-to-day operations with support from the board until a permanent CEO is found. STAAR's board is considering internal and external candidates for the CEO job. Foust will act as interim co-CEO until either Aug. 1 or the appointment of a permanent CEO, whichever comes first. The deal allows Foust to resign within five days of STAAR announcing the appointment of someone else as CEO while remaining eligible for severance payments and benefits. Foust joined STAAR in 2023 as chief operating officer. STAAR added president to Foust's title Show less Read more
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