Peter W. Baird Appointed Group President - Therapeutic Devices of Encore Medical Corporation
26 9월 2006 - 7:00AM
PR Newswire (US)
AUSTIN, Texas, Sept. 25 /PRNewswire-FirstCall/ -- Encore Medical
Corporation (NASDAQ:ENMC) announced today that, effective October
1, 2006, Peter W. Baird will join Encore Medical Corporation as
Group President - Therapeutic Devices, where he will have
responsibility for Encore's Empi, Ormed and Compex subsidiaries.
His appointment was announced by Kenneth W. Davidson, Chairman and
Chief Executive Officer of Encore Medical. At Encore, Mr. Baird
will be responsible for leading Encore's pain- management and home
orthopedic-rehabilitation businesses. Encore is a U.S. market
leader in these areas, having acquired and merged Empi, Inc. and
Compex Technologies, Inc., during the past two years. Mr. Baird
will also be responsible for Encore's European subsidiaries, Ormed
and Compex SA. These businesses provide Encore Medical with
significant presence in the European pain-management market, and in
the market for electrical stimulation used in sports and fitness
applications. Commenting on the announcement, Mr. Davidson said,
"Encore's ongoing success will depend on building from our bases in
rehabilitation, surgical implants and clinical devices. Adding
someone of Peter's skill and experience strengthens our management
team significantly. Having him focus on the therapeutic-devices
business will greatly help us achieve our growth and profitability
objectives. This addition will also allow Paul Chapman, our current
President and Chief Operating Officer, to concentrate more fully on
our Chattanooga Group and Surgical Implant businesses. Reflecting
that focus, Paul will take the title of Group President - Surgical
and Rehabilitation. He and Peter will work together closely in
support of each other, and to drive group-wide results." Mr. Baird,
40, joins Encore from McKinsey & Company, where he was a
partner in the Mid-Atlantic Office. At McKinsey, he concentrated on
serving healthcare clients on a wide range of strategic and
transactional issues. His particular focus was on growth strategies
and operational improvements for mid-sized medical device and
pharmaceutical companies. Prior to joining McKinsey, Mr. Baird was
a principal at Brait Capital Partners, a South African
private-equity firm, and he was an economics lecturer at the
University of Cape Town. He also worked as an investment banker at
Lehman Brothers in New York. A 1995 graduate of Stanford Graduate
School of Business, Mr. Baird is also a member of the Council on
Foreign Relations. Encore Medical Corporation is a diversified
orthopedic device company that develops, manufactures and
distributes a comprehensive range of high quality orthopedic
devices used by orthopedic surgeons, physicians, therapists,
athletic trainers and other healthcare professionals to treat
patients with musculoskeletal conditions resulting from
degenerative diseases, deformities, traumatic events and
sports-related injuries. Through its Orthopedic Rehabilitation
Division, Encore is a leading distributor of electrical stimulation
and other orthopedic products used for pain management, orthopedic
rehabilitation, physical therapy, fitness and sport performance
enhancement. Encore's Surgical Implant Division offers a
comprehensive suite of reconstructive joint products and spinal
implants. For more information, visit http://www.encoremed.com/ .
Important Information Encore has filed with the Securities and
Exchange Commission a current report on Form 8-K, which includes a
copy of and more detailed information about a merger agreement and
related documents it entered into with affiliates of The Blackstone
Group. Encore will submit the proposed merger to its stockholders
for their consideration, and Encore will file with the Securities
and Exchange Commission and mail to its stockholders a proxy
statement to be used to solicit shareholder approval of the
proposed merger. This proxy statement will contain information
about Encore, the proposed merger and related matters. STOCKHOLDERS
ARE URGED TO READ THE PROXY STATEMENT CAREFULLY WHEN IT IS
AVAILABLE, AS IT WILL CONTAIN IMPORTANT INFORMATION THAT
STOCKHOLDERS SHOULD CONSIDER BEFORE MAKING A DECISION ABOUT THE
MERGER. In addition to receiving the proxy statement from Encore by
mail, stockholders will be able to obtain the proxy statement, as
well as other filings containing information about Encore, without
charge, from the Securities and Exchange Commission's website
(http://www.sec.gov/ ) or, without charge, from Encore at
http://www.encoremed.com/ . This announcement is neither a
solicitation of proxy, an offer to purchase nor a solicitation of
an offer to sell shares of Encore. Encore and its directors,
executive officers and other members of its management and
employees may be deemed to be participants in the solicitation of
proxies from the Encore stockholders in favor of the transaction.
Information concerning persons who may be deemed participants in
the solicitation of Encore stockholders under the rules of the SEC
is set forth in public filings filed by Encore with the Securities
and Exchange Commission (the "SEC"), including Encore's proxy
statement for its 2006 annual meeting filed with the SEC on April
12, 2006, and will be set forth in the proxy statement when it is
filed with the SEC. Contact: Harry L. Zimmerman, Executive Vice
President - General Counsel (512) 832-9500 Except for the
historical information contained herein, the matters discussed are
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These statements involve risks and uncertainties, such as
fluctuations in operating results, the timely availability of new
products, the impacts of competitive products and pricing, the
effects of integration efforts, including retaining customers and
employees, the ability to grow and integrate the distribution
networks for the Company's products, the ability to continue to
obtain long- term financing, and the ability to locate and
integrate future acquisitions and other risks and uncertainties set
forth in the Company's filings with the Securities and Exchange
Commission. These risks and uncertainties could cause actual
results to differ materially from any forward-looking statements
made herein. DATASOURCE: Encore Medical Corporation CONTACT: Harry
L. Zimmerman, Executive Vice President - General Counsel, of Encore
Medical Corporation, +1-512-832-9500, or Web site:
http://www.sec.gov/ Web site: http://www.encoremed.com/
Copyright
Encore Medical (NASDAQ:ENMC)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
Encore Medical (NASDAQ:ENMC)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024