-- Questor Technology (QST.V) on Monday said chief executive Audrey Mascarenhas has stepped down, effective immediately.
No reason for Mascarenhas' departure was offered.
The company said Mascarenhas, who joined Questor in 1999 and became CEO in 2005, led the firm to a leading market position in waste gas combustion and helped build strong brand recognition in domestic and international markets.
The board is working on a transition plan expected to be completed in the near term. During the transition, Mike Lindsay will serve as interim president and CEO.
Mascarenhas will remain a member of the board, while Paul Huizinga has assumed the role of chair, the company said.
Shares of the company closed down $0.04 at last look at $0.31 on the TSX Venture Exchange.
Price: $0.30, Change: $-0.06, Percent Change: -15.71%