He will remain with CTI as general counsel, secretary, and a member of the board. He has been an officer of CTI since January 1996.
Merrick is succeeded by Jeffrey S. Hyland, president and a director of CTI since December 1, 2017, as CEO.
Shares were flat in the after-hours session.
Price: 3.12, Change: 0.00, Percent Change: 0.00
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