Management Turnover as Change Agent

Friday, September 18, 2009

LCA-Vision CEO Resigns for New Position

Steven C. Straus, the often time embattled CEO of LCA-Vision Inc. a provider of laser vision correction services, according to the company’s press release,

Steven C. Straus… resigned his position to lead another healthcare company outside of the ophthalmology industry. Management of daily operations will be the responsibility of Chief Operating OfficeLCA-Vision One Year Stock Performancer David L. Thomas and Chief Financial Officer Michael Celebrezze, jointly reporting to the board of directors through non-Executive Chairman E Anthony Woods.

Straus who has been CEO for three years has at times been under pressure from activist shareholders and subject to the weak economy. His exit from the firm may turn out to be a blessing if the company can find its way forward and put in place a CEO that understands the business and its market.Stay tuned.

For more:

Business Courier of Cincinnati

MSN Money

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