Thursday April 26, 2007 8:55 am ET
CARLSBAD, Calif., April 26 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC - News) today announced that Chairman and CEO David H. Pohl has notified them of his intent to retire from the position of chief executive officer as soon as a new CEO is appointed. He will continue to serve as chairman of the board.
"I decided that my 70th birthday in June would be a good time to step aside from daily business operations and let someone else take the wheel," Pohl stated. "With that in mind, I informed the board of directors of my intent last February. Since that time the board has been identifying and considering various candidates for the position."
"It has been an honor to serve in this important position while Patriot Scientific has progressed through this critical transition in its corporate history," he continued. "I am looking forward to continuing to help shape the future of this great company in my ongoing role as chairman while a new dynamic CEO steps into place to contribute his experience, energy and vision toward creating increased value for our shareholders," Pohl concluded.
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He served in this capacity for nearly 7 months.. I do not beleive the BOD was caught off guard
jmo