After firing its CEO Michael McMahon and CFO Jonathon Pfohl, Scio Diamond Technology Corp., a company producing lab-grown gemstones and industrial diamonds has appointed new interim CEO – Gerald McGuire, who brings 25 years of semiconductor industry experience, and new interim CFO – Douglas Walker. Gerald is a consultant and member of Scio’s board of Directors, while Douglas is a company consultant. Scio has also added Micheal Laub, a restructuring expert consultant to its management team. On such major leadership change, the company statement mentioned that the new appointments reflect Scio’s desire for greater accountability, improved shareholder communications and company’s performance.
Source: Robinson, A. (2014) “Scio Makes Big Changes in Top Management”, IDEX Online