IsoRay, Inc. announced that Thomas LaVoy has resigned from his positions as chairman of the board and Chief Executive Officer of the company, effective as of June 4, 2018. Mr. LaVoy had been a director of the company since 2005. He was appointed chairman of the board in January 2016 and took office as Chief Executive Officer of the company on February 15, 2016.

While the company conducts a search for a new Chief Executive Officer, industry veteran Lori Woods has been appointed interim Chief Executive Officer and has elected to the Board, effective June 4, 2018. Ms. Woods has over 30 years' experience in medical device technology and healthcare services, serving in numerous senior capacities. Mick McCormick has been appointed chairman of the Board, effective as of June 4, 2018.

Mr. McCormick has been a director of the company since June 2015 and brings over 25 years of experience in senior executive positions in global management, sales, and marketing to the company.