Dynatronics Corporation announces a CEO transition plan as John Krier resigns, and Brian Baker assumes the role of President, Chief Executive Officer, and Director
Dynatronics Corporation, a leading manufacturer of athletic training, physical therapy, and rehabilitation products, has recently revealed a CEO transition plan. John Krier, the current Chief Executive Officer and Director, has expressed his intention to resign from the company by the end of September 2023 to pursue other professional interests. In light of this announcement, Brian Baker, the company's Chief Operating Officer and former President and CEO, has been appointed as the new President of Dynatronics, effective immediately. Mr. Baker will assume the titles of President, Chief Executive Officer, and Director upon Mr. Krier's departure.
Dynatronics' leadership changes were met with positive remarks from John Krier, the outgoing CEO, who believes that Brian Baker's promotion will provide seamless executive leadership to customers, employees, and shareholders. After leading the company through the challenging impact of COVID-19 and redefining its role in the markets it serves, Krier views this transition as a pivotal moment for Dynatronics.
Returning to the position of President, Brian Baker will assume the day-to-day management responsibilities and decision-making for the organization. While the company searches for a new Chief Financial Officer, Mr. Krier will continue to oversee Dynatronics' finance team and investor relations. Mr. Baker expressed his honor in taking on the role of President and later Chief Executive Officer, expressing his excitement to work alongside the talented teams and long-standing customers in shaping the company's future.
Erin Enright, Chairman of the Board at Dynatronics, expressed gratitude for having two executives of John and Brian's caliber, experience, and strong professional relationship guiding the company. Enright believes that their collaboration will ensure a smooth transition and serve the best interests of customers, employees, and shareholders. She congratulated Brian on his expanded responsibilities and extended appreciation to John for his significant contributions during his tenure.
Brian Baker rejoined Dynatronics full-time as Chief Operating Officer in January 2022. However, due to health issues, he had resigned from the CEO position in July 2020. Following his resignation, Mr. Baker continued to contribute as a member of Dynatronics' Board of Directors and as a consultant to the company. His extensive experience and familiarity with the organization make him well-suited to lead Dynatronics into its next chapter.
Members of LevelFields received the alert of this event on May 18, 8:35 AM ET
Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions,and let LevelFields help you become a better trader.
Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions, and let LevelFields help you become a better trader.