The chairman of healthcare IT and advanced visualization developer Merge Healthcare has stepped down.
Michael W. Ferro Jr. has resigned as chairman and director of the company and Dennis Brown has taken his place, effective immediately, Merge said.
Ferro served as Merge's chairman and as a director since June 2008, when investment firm Merrick RIS made a significant investment in the company. Merrick RIS and other affiliates of Ferro own approximately 26.6 million shares of Merge's common stock.
Brown has been associated with Merge since its initial public offering in 1997. He spent 20 years in senior management with the Allen-Bradley Company (now Rockwell Automation) in the U.S. and Europe and 10 years as vice president of finance, treasurer, and chief financial officer of Sybron International, a global manufacturer of life science products.
Earlier this month, Merge's CEO resigned after the company reported disappointing second-quarter financial results.
