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VirtualScopics extends agreement with interim CEO

Rochester Business Journal
March 27, 2014

VirtualScopics Inc. has entered into an extended services agreement, continuing interim CEO Eric Converse’s position for another three months, the company reported Thursday in a filing with the Securities and Exchange Commission.

The terms of the original services agreement would have been set to expire April 18, the company said. It now expires July 18. The Brighton-based medical imaging company employs roughly 96 people locally, the most recent Rochester Business Journal list of public companies reports.

 The extension of the agreement is viewed as the best option for the board of directors and shareholders, the filing states.

Converse was appointed to the board last October, succeeding Jeffrey Markin, who had served as CEO since 2006.

Before becoming interim CEO, Converse had been managing director of Nedamco Capital, a privately held international investment firm based in the Netherlands. He had been with the firm since 2002.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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