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updated: 8/13/2014 8:02 AM

Doctors say condition of wounded CEO improving

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Associated Press

Doctors at Chicago's Northwestern Memorial Hospital say the condition of the businessman who was severely wounded by a disgruntled employee has improved.

The hospital announced Tuesday the condition of ArrowStream CEO Steven LaVoie has been upgraded to serious from critical condition. Doctors credit his recovery to his excellent health prior to the shooting.

Authorities say the 54-year-old LaVoie was shot in the head and abdomen last month by Tony DeFrances. DeFrances, once listed on the company's website as the company's chief technology officer, was meeting with LaVoie to discuss a demotion when the shooting occurred.

DeFrances fatally shot himself.

In a statement posted on its website last week, ArrowStream announced LaVoie's wife, Jody, has been acting CEO of the company, which sells supply-chain management technology.

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