CorMedix Announces Changes to Board of Directors

CorMedix (NYSEMKT:CRMD) announced changes to its board of directors in the upcoming weeks.
As quoted in the press release:

These changes result from a constructive dialogue among the board, management and interested shareholders who have expressed dissatisfaction with a number of areas, including the recent financing. The changes are intended to help ensure the long-term success of the Company.
Effective immediately, Cora Tellez has resigned her position as Board Chair and as a member of the Board. Ms. Tellez joined the Board in April 2014, and was elected Chair in May 2014. In addition, the Company announced that Michael George has agreed to resign his position as a member of the Board, to be effective as of the date on which the Board appoints the two new members who will backfill Ms. Tellez’s resignation and the contemplated resignation of Mr. George, respectively. Mr. George has served as a Director for CorMedix since February 2014.

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Source: www.accesswire.com