Abraham Gosman takes on role of CEO at CareMatrix.CareMatrix Corporation's' stock has been languishing and Abraham Gosman has decided to grab hold of the reins. Gosman, who is chairman of the Needham, Massachusetts-based assisted living company, will take on the role of chief executive officer. At press time, CareMatrix's stock was trading just under $17, down from a 52-week high of $31. Additionally, Frederick Leathers, currently chief financial officer for PhyMatrix Corporation and formerly CFO See Chief Financial Officer. for the Mediplex Group Inc., will become CareMatrix's CFO. CareMatrix's current CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Robert Kaufman, and Gosman's son Michael, who was the company's vice-chairman and executive vice president, will head a newly created consulting firm that will identify mergers and acquisitions, financing, and other expansion opportunities for CareMatrix. Marc Benson, formerly CareMatrix's chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , replaces Gosman's other son, Andrew, as president of the company. Andrew will serve as vice chairman of CareMatrix. Michael Zaccaro, formerly executive vice president of operations, will replace Benson. Dale Zulauf, most recently president of Sunrise Healthcare Corp., and before that a regional vice president of operations for Hillhaven/Vencor, will serve as senior vice president of operations. In other news, CareMatrix, whose approximately 17.6 million shares of common stock used to trade on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. , began listing on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol "CMDC CMDC Cranfield Management Development Centre (UK) CMDC Canadian Media Directors' Council CMDC Centrum voor Maatschappelijke Documentatie en Coördinatie CMDC Capital Market Development Council CMDC Center for the Moral Defense of Capitalism ." "This is a very important move for the company," Abraham Gosman said. "It will broaden the liquidity of CareMatrix's shares and further enhance the value of our stock." |
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