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Staar Surgical Appoints New CEO Amid Declining China Sales - Orange County Business Journal

Summary by ocbj.com
Shares of Staar Surgical Co. dropped 25% on Feb. 11 after it surprised Wall Street when it reported fourth quarter sales falling 36% to $49 million. Two weeks later, the Lake Forest-based maker of implantable lenses announced Tom Frinzi was out after two years as chief executive and three years as chairman. The company appointed Lead Independent Director Stephen Farrell as the new CEO, effective Feb. 26, the day of the announcement. “I am excite…
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Staar Surgical Appoints New CEO Amid Declining China Sales - Orange County Business Journal

Shares of Staar Surgical Co. dropped 25% on Feb. 11 after it surprised Wall Street when it reported fourth quarter sales falling 36% to $49 million. Two weeks later, the Lake Forest-based maker of implantable lenses announced Tom Frinzi was out after two years as chief executive and three years as chairman. The company appointed Lead Independent Director Stephen Farrell as the new CEO, effective Feb. 26, the day of the announcement. “I am excite…

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ocbj.com broke the news in on Monday, March 10, 2025.
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