Cytek Biosciences (CTKB) said Thursday its Chief Operating Officer Chris Williams is resigning from the company, effective Sept. 27.
The company has decided not to fill the position, instead restructure "to create a flatter, more efficient management structure."
Williams is leaving to accept a chief executive position at another company, according to Cytek.
The company's shares were down over 12% in recent trading.
Price: 4.81, Change: -0.69, Percent Change: -12.48
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