Brief: Motus GI Announces Executive Leadership Restructuring And Additional Cost Saving Initiatives To Support Near-Term Milestones

Motus GI Holdings

13/04/2023 21:17

April 13 (Reuters) - Motus GI Holdings Inc  MOTS.O :
    * MOTUS GI ANNOUNCES EXECUTIVE LEADERSHIP RESTRUCTURING AND
ADDITIONAL COST SAVING INITIATIVES TO SUPPORT NEAR-TERM
MILESTONES
    * MOTUS GI HOLDINGS INC- TIM MORAN TRANSITIONS FROM CHIEF
EXECUTIVE OFFICER TO CHAIRMAN OF BOARD
    * MOTUS GI HOLDINGS INC - MARK POMERANZ APPOINTED CHIEF
EXECUTIVE
OFFICER TO LEAD NEXT PHASE OF COMPANY
    * MOTUS GI HOLDINGS INC - RESTRUCTURING PLAN REDUCES
OPERATING
EXPENSES BY AN ADDITIONAL 25%
    * MOTUS GI HOLDINGS INC- COST REDUCTION MEASURES ANNOUNCED
TODAY
ARE IN ADDITION TO STRATEGIC RESTRUCTURING PROGRAM ANNOUNCED IN
JANUARY 2023
    * MOTUS GI HOLDINGS INC- EXPECTS TO INCUR CERTAIN
NON-RECURRING
CHARGES RELATED TO COST-CUTTING MEASURES OF LESS THAN $400,000
IN Q2 OF 2023

Source text for Eikon:  ID:nGNX57vkcP 
Further company coverage:  MOTS.O 

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