Nuvo Research Inc. has announced that James L. Moulds has resigned as Executive Vice President & Chief Financial Officer, effective January 13, 2012 to pursue other opportunities.

Stephen L. Lemieux, currently Vice President, Finance & Corporate Controller, will become Vice President and Chief Financial Officer.

"We are grateful for Jim's significant contributions to Nuvo, since he joined us in 2006, and wish him success in his future endeavours," said Dan Chicoine, Chairman and Co-Chief Executive Officer of Nuvo Research.

Chicoine continued, "We are also confident in Stephen's ability to lead our finance group as demonstrated by his accomplishments and history of service with Nuvo to-date."