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Tactile Systems CEO to retire by end of 2020

Tactile Systems Technology Inc. said the company's CEO, Gerald Mattys, will retire no later than Dec. 31, and the board is looking for a replacement.

Mattys agreed to remain employed with the Minneapolis-based company until the separation date, after which he will work as a consultant with Tactile for a duration defined under the terms of the agreement.

Tactile develops and sells at-home therapy devices to treat chronic swelling conditions.