Lombard Medical Appoints Michael H. Carrel to Its Board of Directors
11 Febrero 2015 - 5:00AM
Lombard Medical, Inc. (Nasdaq:EVAR), a medical device company
focused on endovascular aneurysm repair (EVAR) of abdominal aortic
aneurysms (AAAs), today announced that Michael H. Carrel has been
appointed to the Company's Board of Directors.
Mr. Carrel brings more than two decades of leadership experience
and presently serves as the President and Chief Executive Officer
of AtriCure, Inc., (Nasdaq:ATRC) a leading medical device company
focused on surgical treatments for atrial fibrillation and left
atrial appendage management. Since joining AtriCure in November
2012, Mr. Carrel has led the company through significant revenue
growth including an increase of 31 percent over 2013.
Prior to joining AtriCure, Mr. Carrel was the President and
Chief Executive Officer of Vital Images, a publicly-traded medical
imaging software company (Nasdaq:VTAL) from 2008 until it was sold
to Toshiba in 2011. He stayed on as Chief Executive Officer of the
new business unit within Toshiba until the integration was
successfully completed in 2012. Mr. Carrel originally joined Vital
Images in 2005 as Chief Operating and Financial Officer. During his
time at Vital, Mr. Carrel worked extensively with leading
physicians in numerous specialties to bring new products to market.
Under his leadership, the company raised approximately $100 million
in equity financing, grew revenue and profitability, increased
global market share and expanded its presence to over 90
countries.
"Mike is an industry veteran with an excellent track record for
growing organizations, driving corporate development activities and
successfully building clinical, educational and commercial
platforms to create value for his shareholders," said Raymond W.
Cohen, non-executive chairman of Lombard Medical. "It was
immediately clear that Mike exceeded our criteria for a board
member as he is a seasoned executive with extensive experience
growing commercial stage companies. Mike's experience managing
AtriCure's growth and driving adoption in the atrial fibrillation
market is analogous with Lombard Medical's vision in the
endovascular aneurysm repair market. No doubt that Mike will add
tangible value as a director for Lombard Medical."
"I am enthusiastic about joining the Board of Directors of
Lombard Medical, a company at its inflection point of growth that
is making great strides in capturing market share in the worldwide
AAA market, which is a large and still under-penetrated market,"
said Mr. Carrel. "I look forward to working with the Board and the
executive team at Lombard Medical to help execute on a solid
strategy to expand commercialization and further develop its
product pipeline."
In addition to his new position as a non-executive director on
the Lombard Medical board, Mr. Carrel also serves as a member of
the Board of Directors of AtriCure and the Cincinnati and
Minneapolis chapters of the American Heart Association. Mr. Carrel
holds a B.S. in Accounting from Pennsylvania State University and
an M.B.A. from the Wharton School at the University of
Pennsylvania.
About Lombard Medical, Inc.
Lombard Medical, Inc. is a medical device company focused on
device solutions for the $1.4 billion per annum abdominal aortic
aneurysm repair market. The Company's lead product, Aorfix™, is an
endovascular stent graft which has been specifically designed to
solve the problems that exist in treating complex tortuous anatomy,
which is often present in advanced AAA disease. Lombard is based in
Oxfordshire, England with US commercial headquarters in Irvine, CA
and is registered in the Cayman Islands. Further background on the
Company can be found at www.lombardmedical.com.
FORWARD-LOOKING STATEMENTS
This announcement may contain forward-looking statements that
reflect the Company's current expectations regarding future events,
including the commercialization and additional regulatory
clearances of the Company's products, the Company's liquidity and
results of operations, as well as future capital raising
activities. Forward-looking statements involve risks and
uncertainties. Actual events could differ materially from those
projected herein and depend on a number of factors, including the
success of the Company's research and development and
commercialization strategies, the uncertainties related to the
regulatory process and the acceptance of the Company's products by
hospitals and other medical professionals and the risks,
uncertainties and other factors described under the heading "Risk
Factors" in the Company's prospectus filed with the Securities and
Exchange Commission dated April 25, 2014. The Company undertakes no
obligation to update these statements in the future.
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Lombard Medical, Inc.
Simon Hubbert, Chief Executive Officer William J. Kullback, Chief
Financial Officer |
Tel: +1 949 379 3750 / +44 (0)1235 750
800 Tel: +1 949 748 6764 |
Pure Communications
Matthew H. Clawson Susan Heins (Media) |
Tel: +1 949 370 8500 /
matt@purecommunicationsinc.com Tel: +1 864 286 9597 /
sjheins@purecommunicationsinc.com |
FTI Consulting (UK)
Simon Conway, Victoria Foster Mitchell |
Tel: +44 (0)20 3727 1000 |
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