MEDIGARD CEO RESIGNS AFTER FALLOUT

Written on the 24 February 2011

MEDIGARD CEO RESIGNS AFTER FALLOUT

THE chief executive of the ASX-listed medical technology company Medigard (ASX:MGZ) has resigned from the board after seven years with the company.

Peter Emery (pictured) told Gold Coast Business News he has given three months notice following ‘differences with certain board members’.

“The decision to resign is mine and it has not been an easy one. There have been some differences of opinion between myself and other members of the board. I wish the company well.”

While Medigard shares have largely traded sideways on the ASX since 2005, there have also been delays associated with signing a manufacturer and a distributor in the US for its 3ml retractable syringe.

Emery has recently spent time in the US courting potential investors, but says it’s time to try something different and take a ‘long holiday’.

He told Gold Coast Business News last year that Medigard could become a life changer.

“It’s always a good story because the ultimate aim of this is to help health care workers from getting needle stick injuries and this will stop that and there’s a million of them around the world, half of which go unreported. The good side this is that it’s for the benefit of real people, doing real work and they shouldn’t be exposed to some of the risks they are currently exposed to.”

Medigard was floated in 2004 by chairman Don Channer and director Peter Clark.

MGZ shares closed today at 4c.

Get your copy of Gold Coast Business News' annual top companies edition to read about all the city's big players - out in March.


Latest News

BUNNINGS BOSS JOHN GILLAM QUITS WESFARMERS

THE man behind Bunnings' home improvement domination has resigned from his role in charge of the retailer.

...

NOVOTEL SALE REFLECTS HOT BUYERS' MARKET

AFTER two decades in the hands of a private syndicate, The Novotel Melbourne Glen Waverley has been sold to the Sy...

SUPERLOOP ONE STEP CLOSER TO BIGAIR ACQUISITION

BIGAIR (ASX:BGL) shareholders have given Superloop (ASX:SLC) the green light to acquire the telecommunications com...

RINEHART-BACKED OIL AND GAS EXPLORER SUES VICTORIA FOR $2.7 BILLION

AN oil and gas explorer backed by Gina Rinehart (pictured) is suing the Victorian state government for more than $...

Related News

HOW MCDONALD'S AUSTRALIA REDISCOVERED ITS INNOVATIVE SPIRIT

MCDONALD'S is such a ubiquitous part of the Australian landscape today that it is easy to forget how it change...

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter