April 23, 2018 / 11:47 AM / a month ago

BRIEF-Xg Technology Announces Retirement Of CEO And Executive Chairman George Schmitt

April 23 (Reuters) - xG Technology Inc:

* XG TECHNOLOGY ANNOUNCES RETIREMENT OF CEO AND EXECUTIVE CHAIRMAN GEORGE SCHMITT; BOARD APPOINTS GARY CUCCIO AS EXECUTIVE CHAIRMAN AND INTERIM CEO

* XG TECHNOLOGY - BOARD ALREADY IN DISCUSSIONS WITH CANDIDATES FOR PERMANENT CEO ROLE, HAS INITIATED A FORMAL SEARCH FOR A NEW PERMANENT CEO Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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