Last checked at 
LONDON (Alliance News) - Surgical Innovations Group PLC said it has appointed Chief Financial Officer Mike Thornton as interim chief executive officer, following the departure of Graham Bowland who stepped down with immediate effect Tuesday.
The company said its non-executive directors have also unanimously agreed to waive their entitlements to receive any fees or other remuneration in respect of any services they provide to the company as of Tuesday until further notice as the group focuses on cost savings and cash generation.
Surgical Innovations shares were quoted up 9.5% at 2.60 pence Tuesday afternoon.
By Anthony Tshibangu; anthonytshibangu@alliancenews.com; @AnthonyAllNews
Copyright 2014 Alliance News Limited. All Rights Reserved.
