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Staar Surgical says CEO to Retire

Chairman Frinzi to take over on Jan. 1

Staar Surgical Co. (Nasdaq: STAA), a Lake Forest-based maker of implantable eye lenses, announced that Chief Executive Caren Mason will retire on Dec. 31.

Current board Chairman Tom Frinzi will serve as CEO and president, effective Jan. 1. Mason has agreed to serve in an advisory role until the end of 2023.

“Under Carenโ€™s leadership, Staar has achieved numerous significant milestones including accelerating average revenue growth above 25% over the past several years and gaining U.S. FDA approval of our EVO lenses earlier this year,โ€ Aimee S. Weisner, chair of the boardโ€™s Nominating and Governance Committee, said in a statement.

โ€œAt the same time, Caren has overseen a dramatic increase in shareholder value with shares of Staar increasing in value by almost 10 times during her tenure. She leaves Staar in an incredibly strong financial and market position.”

Shares of Staar fell 9.6% to $49.01 and a $2.4 billion market cap.

 

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peterโ€™s work reflects a commitment to impactful storytelling. Peterโ€™s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peterโ€™s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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