Kyphon Appoints D. Keith Grossman to Its Board of Directors
25 Abril 2007 - 4:15PM
PR Newswire (US)
SUNNYVALE, Calif., April 25 /PRNewswire-FirstCall/ -- Kyphon Inc.
(NASDAQ:KYPH) today announced the appointment of D. Keith Grossman
to its board of directors. Grossman, who most recently served for
ten years as president and chief executive officer of Thoratec
Corporation, a publicly held medical technology company, will stand
for election at the company's 2007 annual shareholder meeting,
scheduled for June 14, 2007. "After a thorough search process, we
determined that Keith's proven leadership skills, broad management
experience in growing companies and his hands-on operational
expertise would greatly benefit our organization," said Richard
Mott, Kyphon's president and chief executive officer. "Keith's
experience leading high-growth medical technology companies with
pioneering medical therapies will undoubtedly support Kyphon's
mission to become the recognized global leader in restoring spinal
function through minimally invasive therapies, and we believe his
appointment to Kyphon's board of directors ensures the company will
continue to benefit from a diversity of experience and opinions,"
continued Mott. Before his ten years at the helm of Thoratec,
Grossman, 47, was a division president of Major Pharmaceuticals,
Inc., a subsidiary of Eon Laboratories, from June 1992 to September
1995. From July 1988 to June 1992, Grossman served as the vice
president of sales and marketing for Calcitek, Inc., a manufacturer
of implantable medical devices and a division of Sulzermedica
(formerly Intermedics, Inc.). Prior to 1988, he held various other
sales and marketing management positions within the McGaw
Laboratories Division of American Hospital Supply Corporation.
Grossman remains a member of the board of directors of Thoratec,
and also serves as a member of the board of directors of Intuitive
Surgical, Inc., a publicly traded surgical robotics company. He
earned his Bachelors degree from The Ohio State University, and his
Masters of Business Administration degree from Pepperdine
University. The Company also announced that directors Stephen M.
Campe and Douglas W. Kohrs, each of whom has served on Kyphon's
board for over seven years, will not stand for reelection at the
company's 2007 annual shareholder meeting. "I would also like to
take this opportunity to sincerely thank both Steve and Doug for
their valuable years of service on Kyphon's board and their
significant contributions to Kyphon's tremendous growth," concluded
Mott. About Kyphon Kyphon develops and markets medical devices
designed to restore and preserve spinal function and diagnose the
source of low back pain using minimally invasive technologies. The
company's products are used in balloon kyphoplasty for the
treatment of spinal fractures caused by osteoporosis or cancer, in
the Functional Anaesthetic Discography(TM) procedure for diagnosing
the source of low back pain, and in the Interspinous Process
Decompression procedure for treating lumbar spinal stenosis. More
information about the company and its products can be found at
http://www.kyphon.com/. NOTE: Functional Anaesthetic Discography is
a trademark, and Kyphon is a registered trademark, of Kyphon Inc.
KYPHG DATASOURCE: Kyphon Inc. CONTACT: Investors and Media, Julie
D. Tracy, Vice President, Chief Communications Officer of Kyphon,
+1-408-548-6687, or Web site: http://www.kyphon.com/
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