Symmetricom Names New CEO

Before you go, we thought you'd like these...
Before you go close icon

San Jose, Calif.-based Symmetricom has a new chief executive officer.

On Tuesday, the "precise time" computer announced a series of changes in upper management. Current CEO David G. Cote is leaving the company "to pursue other interests" and has been replaced by new CEO Elizabeth A. Fetter, a current board member. Details on Fetter's compensation have yet to be filed with the SEC.

Additionally, Chairman of the Board Robert T. Clarkson is ceding his chair to new Chairman James Chiddix (although Clarkson will remain on the board, and actually chair the compensation committee). Finally, board members Alfred F. Boschulte and Richard W. Oliver plan to retire from the board when their terms of office expire in October.


Symmetricom shares, which have lagged the broader stock market significantly over the past year and under the past management, responded positively to the change in tack, rising 2.4% in Tuesday trading to closer at $5.20. 

The article Symmetricom Names New CEO originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners