Wednesday, 1 April 2009

LMS Appoints Risk Management Veteran to CEO/CFO Position

LMS Medical Systems (LMZ - TSX)
Shares outstanding: 25.8m
Fully Diluted: 30.7 million

Today, LMS announced that Yves Grou has been replaced by William Horn as Interim CEO/CFO. This news comes to us as shareholders anxiously await news of a “deal”, which ideally will give LMS Medical the finances and support it needs to continue to operate and thrive.
Below is Mr. Horn’s background as released when he was appointed to LMS’ Board of Directors.
William Horn is the Chief Operating Officer of First Angel Capital LLC, an investment boutique and private investment fund. From 2001 to 2004 Mr Horn was at State Street Corporation, Boston , MA where he was Vice President, Risk Management & Compliance.
Mr. Horn spent the eight years prior involved with Fidelity Capital Markets and Fidelity Management and Research Company in roles that involved Counterpart research, global Risk Management, and fixed income trading.

For the full release, please click here.