Hydromer Inc (OTCMKTS:HYDI) Stock On Radar Appointing a New CEO

Hydromer Inc (OTCMKTS:HYDI) is a global supplier of biopolymers and specialty coatings meant for the medical devices industry and also for industrial applications. Yesterday the company was in the news after it announced that it had made Michael E Torti its new Chief Executive Officer.

Trading Data

On Tuesday, HYDI stock ended flat at $0.2500 with 4.10K shares, compared to volume of 1.59K shares. The stock moved within a range of $0.2500 – 0.2500 after opening trade at $0.2500.

Hydromer Inc Appoints New CEO

It was a promotion for Torti after having served the company in the capacity of Vice President of Sales, Marketing and Global Business Development. In this regard, it could be a good idea for investors to possibly take a look into his credentials and skills as an executive.

In the press release yesterday Hydromer noted that Torti was a performance focussed leader and his strong suits included sales, business development, company leadership and growth in revenues. He is an executive with experience of more than three decades.

He holds experience in the manufacturing sector going back decades and had mainly worked with companies which served the lower middle market. He holds a Bachelor’s Degree in Management from the State University of New York in Binghamton. In addition to that, he went for further professional training from the Warwick School in the United Kingdom. It was noted that the Hydromer board was ‘extremely pleased’ at having made the appointment.