news    views    talk    learn    |    about    contribute     republish     archives     calls/events
Robohub is an online platform that brings together leading communicators in robotics research, start-ups, business, and education from around the world.
Management shakeup at Adept Technology
February 25, 2013

ADEP-stock-history


Rob Cain replaces John Dulchinos as CEO of Adept Technology. Cain has worked with Adept for the past few months as an advisor and representative of Hale Capital Partners and crafted a restructuring plan approved by the company and it’s financial partners.

Adept reported poor sales and lower than expected gross margins for the first two quarters of fiscal 2013. This after suffering a net loss and reduced margins for FY 2012.

Adept’s stock took a hit last November when it became known that the company would initiate a restructuring plan and a second recent hit upon notice of the change in leadership.

Posted by

permalink republishing guidelines

Recent Related Posts

comments powered by Disqus



Editor's Picks