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Second Sight Names New CEO

Second Sight Medical Products Inc. has appointed Will McGuire to become the company’s new chief executive starting Aug. 18. The Sylmar biotech, which makes a system with an implant and camera mounted on eyeglasses to provide sight for blind patients, said its current Chief Executive Robert Greenberg will become chairman of the board, replacing billionaire Alfred Mann, who will become chairman emeritus. Mann, who helped develop the insulin pump and cochlear hearing aid, founded Second Sight in 1998, with Greenberg serving as chief executive since the inception. Mann owns about 33 percent of the stock and Greenberg owns about 3 percent. McGuire joins Second Sight from Volcano Corp., a heart imaging company in San Diego. Volcano was acquired by Royal Philips in February. Previously. McGuire was chief executive at AtheroMed Inc., a venture capital-backed company that developed arterial clearing devices, and chief operating officer at Spectranetics Corp., a publicly traded medical device company. Shares closed down 69 cents or 4.4 percent to $15.04 on the Nasdaq.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.
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