Accuray board shrinks to seven as Huss, Le Grand step down - ARAY News | RalliesAccuray board shrinks to seven as Huss, Le Grand step down
A
ARAY• Board changes under new lender-shareholder agreement
- Accuray will cut its board to seven directors, down from eight, under new agreements with lender-shareholder TCW.
- TCW will gain the right to appoint two of the seven directors; current directors Steven Mayer and Chan Galbato were named as TCW designees.
- Beverly Huss and Anne Le Grand stepped down from the board in connection with the transaction.
- A new independent director will be added as part of the board changes.
•
