PFO Global has appointed a new chief executive, Matt Cevasco, and announced its intention to move to larger facilities in a suburb of Dallas, Farmers Branch. Cevasco, who served most recently as president and general manager of Luneau Technology, took office on March 1, replacing the former 65-year-old CEO, Ruedi Suter, who had been running the U.S. company since March 2010. Soon after his nomination, a local journal said that a federal judge in Dallas had issued an arrest warrant against Suter in a long-standing civil suits against Peter Denton, who had invested in a former Swiss company, Pro Fit Optixx, which subsequently went bankrupt. The newspaper elaborated on Suter's allegedly lavish lifestyle. Refusing to comment on his private life, Suter told us that he had lost more than Denton from the bankruptcy of Pro Fit Optixx, in which they held shares of 80 percent and less than 7 percent, respectively. Noting that he held no shares in PFO Global, he pointed out that he had asked its board last June 30 that he did not intend to continue to run it and handed in his final resignation on Jan. 29. Suter added that he is now working on a major new project, this time in Europe.