Short Reign for Angeion CEO Philip I. Smith is leaving Angeion Corporation just five months after

Short Reign for Angeion CEO

Philip I. Smith is leaving Angeion Corporation just five months after assuming the top spot. Smith has resigned as both CEO and as a board member, prompting executives to name Gregg O. Lehman, Ph.D., as an interim replacement.

“Our board of directors, management and employees are grateful for Phil’s contributions to our company, first as a director starting in 2007 and more recently as our [CEO],” said Mark W. Sheffert, chairman.

Smith became CEO on January 1, 2011. A statement from the St. Paul, Minn.-based firm said the decision was “mutual” between Smith and the board of directors, though no reason was given for his abrupt departure.

Lehman most recently served as president, CEO and director of Health Fitness Corporation in Minneapolis, Minn.

“Our board is considering the options for filling the vacancy in our management team resulting from Mr. Smith’s resignation and will promptly make a decision about these matters that will be publicly announced as soon as practicable,” Sheffert said.

A week before Smith resigned, Angeion announced that David Wolf and Mark Gryzwa had joined the company as CFO and vice president of engineering, respectively. Both men report to Lehman.