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Sarasota-based Invisa Inc. (symbol: INSA) and Tampa-based Innovaro Inc. (symbol: INV) each appointed new CEOs this week.
Edmund King is the new CEO at Invisa, which manufactures motion sensors for use with security systems and parking barrier gates. King had been serving the firm as acting president, but was promoted to make room for the firm's newest hire: new president John Zappala, the former president and CEO of American Lock Company, which had revenues of $35 million.
Innovaro, an intellectual property consultancy, made Asa Lanum its CEO effective April 17. Lanum had been serving as interim CEO since August, when Douglas Schaedler resigned.
Last month, Innovaro reported that it lost $19.1 million in 2010, with just $13.1 million in revenues.
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