Image Sensing Systems Inc. has appointed Kris Tufto as president and chief executive officer, effective immediately, according to a company news release. He will also continue his role as board director.
Tufto was named interim CEO in August when the St. Paul-based detection software company fired its former leader Kenneth Aubrey.
Image Sensing Systems posted a $10 million loss last year, the Business Journal notes.
There's a catch (or two), of course.
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Kenneth Aubrey has been terminated from the St. Paul-based software company effective immediately. Kris Tufto, an Image Sensing board member, was named interim CEO. Michael Doyle, a company director, also resigned from the board in protest of Aubrey's termination.
Jeffrey Graves will take over as chief executive officer and join the board of directors in May. The Eden Prairie-based company makes test systems and sensors.
Effective Friday, President and CEO Karen van Lith will no longer be employed by the Eden Prairie-based music software company. MakeMusic COO and CFO Karen VanDerBosch will serve as interim chief executive.
Kenneth Burdrick is no longer the CEO of Blue Cross and Blue Shield of Minnesota after just being appointed to the post in January. The board of directors decided the Eagan-based insurer “required a different style of leadership" after an internal investigation involving "concerns related to whether there had been adequate disclosure of some anticipated business activities." Scott Lynch, senior vice president and chief legal officer, was named interim Blue Cross CEO effectively immediately. The board expects to hire a new top executive in 60 to 90 days.
Eden Prairie-based GE Capital Fleet Services has promoted Kristi Webb as its new president and CEO. Webb joined the company in 1998 and was most recently general manager of GE Capital’s Dealer Finance business. She will replace Clarence Nunn, who was recently appointed chief commercial officer for GE Capital, Americas.
Supervalu has pushed out CEO Craig Herkert from the struggling Eden Prairie-based supermarket chain, the Associated Press reports. Chairman Wayne Sales will take on the roles of president and chief executive officer as Supervalu explores a possible sale of its operations following disappointing quarterly results.
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