Illness Forces Local Chairman to Retire
AcuNetx Inc., the Torrance-based seller of diagnostic, analytic and therapeutic medical tools said that its chairman, Charles E. Phillips, retired because of health reasons.
The company's board of directors appointed Robert S. Corrigan, currently a member of the board, as the new chairman.
In a statement, Corrigan said: "I view my most important responsibility as board chairman is to assist and support CEO Ron Waldorf as we usher in a host of new products and opportunities which we believe will enhance shareholder value in the months and years ahead."