30.06.2008 20:14:00
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Orthofix International Promotes Brad Mason to Group President, North America
Orthofix International N.V. (NASDAQ: OFIX) (the Company) announced today
that Brad Mason has been promoted to the newly created position of Group
President, North America. Previously, Mr. Mason was President of Breg,
the Company’s sports medicine subsidiary.
As Group President, North America, Mr. Mason will report directly to
Orthofix’s CEO, Alan Milinazzo. He will lead
the Company’s efforts to continue to identify
and enhance synergies existing between the company’s
spine, orthopedic and sports medicine divisions, which are its three
largest operating units in North America. This will include ongoing
initiatives designed to optimize the integration of Blackstone Medical,
which was acquired in September of 2006.
Orthofix CEO, Alan Milinazzo, stated "In this
newly created position, Brad will provide additional leadership in our
efforts to accelerate the Company’s growth and
profitability potential in our North American markets. Brad is the right
leader for this role given his success in transitioning Breg from a
successful private company into a very consistent and well-performing
division within Orthofix. His experience in improving operating profits
and maximizing the effectiveness of a network of independent
distributors in a highly competitive market underscores his ideal fit
for this important position.”
With more than 25 years of experience in the medical device industry,
Mr. Mason, who founded Breg, has continued to serve as its President
since he sold the company to Orthofix in December 2003. He was also a
cofounder of dj Orthopedics (formerly DonJoy) where he held the position
of Executive Vice President. During his years in orthopedics, he has
been a prolific inventor with 35 issued orthopedic-related patents and
several others pending.
In addition to the promotion of Mr. Mason, Orthofix also announced the
promotion of Brad Lee to President of Breg. Mr. Lee has most recently
served as the Vice President and General Manager of Breg, and also
served as the division’s Vice President of
Business Development since 2005. Prior to joining Breg in 2005, Mr. Lee
was Vice President of Marketing for LMA North America and has held
positions of increasing responsibility in sales, marketing, R&D
management, and business development in the medical device industry over
the past 15 years. Mr. Lee will report directly to Mr. Mason.
About Orthofix
Orthofix International, N.V., a global diversified orthopedic products
company, offers a broad line of minimally invasive surgical, and
non-surgical, products for the spine, orthopedic, and sports medicine
market sectors that address the lifelong bone-and-joint health needs of
patients of all ages–helping them achieve a
more active and mobile lifestyle. Orthofix’s
products are widely distributed around the world to orthopedic surgeons
and patients via Orthofix’s sales
representatives and its subsidiaries, including BREG, Inc. and
Blackstone Medical, Inc., and via partnerships with other leading
orthopedic product companies. In addition, Orthofix is collaborating in
R&D partnerships with leading medical institutions such as the
Orthopedic Research and Education Foundation, Rutgers University, the
Cleveland Clinic Foundation, Texas Scottish Rite Hospital for Children
and National Osteoporosis Institute. For more information about
Orthofix, please visit www.orthofix.com.
Forward-Looking Statements
This communication contains certain forward-looking statements under the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements, which may include, but are not limited to, statements
concerning the projections, financial condition, results of operations
and businesses of Orthofix and its subsidiaries and are based on
management’s current expectations and
estimates and involve risks and uncertainties that could cause actual
results or outcomes to differ materially from those contemplated by the
forward-looking statements.
Factors that could cause or contribute to such differences may include,
but are not limited to, risks relating to the expected sales of its
products, including recently launched products, unanticipated
expenditures, changing relationships with customers, suppliers and
strategic partners, risks relating to the protection of intellectual
property, changes to the reimbursement policies of third parties,
changes to and interpretation of governmental regulation of medical
devices, the impact of competitive products, changes to the competitive
environment, the acceptance of new products in the market, conditions of
the orthopedic industry and the economy, corporate development and
market development activities, including acquisitions or divestitures,
unexpected costs or operating unit performance related to recent
acquisitions and other factors described in our annual report on Form
10-K and other periodic reports filed by the Company with the Securities
and Exchange Commission.
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