Vicon Industries CEO Eric Fullerton resigned August 1 and his last day at Vicon was Friday, August 5, 2016. This comes less than two years after joining Vicon (NYSE: VII). Fullerton also is stepping down from his role as a director of the video surveillance company, the company announced in a SEC 8K filing.
Vicon’s board of directors disclosed in the government filing this week that it has appointed John Badke as the interim CEO. Mr. Badke, 57, has served as the Company’s Senior Vice President, Finance since May 2004, and as its Chief Financial Officer since December 1999. Mr. Badke will continue to hold such offices while serving as Interim Chief Executive Officer.
In September 2014, Vicon’s board of directors named Fullerton to succeed the retiring Kenneth Darby as CEO. Fullerton, who had previously served as chief sales and marketing officer of Milestone Systems, was given the task of returning the 50-year-old pioneering company to prominence in the video surveillance market, and integrating merger partner iQinVision.
Vicon and iQinVision, a privately held maker of megapixel cameras based in San Juan Capistrano, CA, announced a merger agreement in March 2014. The all-stock deal gave iQinVision shareholders about half the combined company.
In the past 12 months, the company’s stock has declined almost 40%.