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Nanosphere Inc Announces Board Changes-DJ
Dow Jones reported that Nanosphere Inc disclosed in a regulatory filing that it terminated without cause President and Chief Executive William Moffitt's employment last week. Mr. Moffitt, as well as three other directors, have resigned from the Board. February 13, 2013, the Company said it has promoted Michael K. McGarrity, most recently its Chief Commercial Officer, to the post of CEO. Mr. McGarrity, as well as Sheli Z. Rosenberg and Michael J. Ward, have been appointed to Nanosphere's Board. Ms. Rosenberg also was appointed to serve as the Board's Chairman.
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