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: Cutera fires CEO and executive chair for cause in dispute over succession plan

Stock of skin-care and body-sculpting equipment maker slides 27% in biggest one-day decline in six years

Source: Cutera

Cutera Inc., a Brisbane, Calif.-based provider of equipment for beauty treatments such as body sculpting, fired its executive chair Daniel Plants and its chief executive David Mowry for cause on Wednesday in a dispute about the company’s CEO succession plan.

The news sent the stock CUTR down 27% to put it on track for its biggest one-day percentage decline since May of 2018. In the first hour, 1.1 million shares traded, compared with a daily average turnover of 601,000 shares over the past 65 days.


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