LEWISVILLE, Texas--(BUSINESS WIRE)--
Orthofix International N.V. (NASDAQ:OFIX) (the Company) today announced
that Robert S. Vaters has been promoted to Chief Operating Officer,
effective immediately. Mr. Vaters who has served as the Company's Chief
Financial Officer since joining the Company in September of 2008 will
now be responsible for the operations of the company and continue to
report to Alan Milinazzo the company's President and Chief Executive
Officer. "Since joining Orthofix Bob has had a positive impact on key
drivers of the Company. This promotion recognizes his contribution to
our success over the last two years and we look forward to his continued
success with his new responsibilities," stated Mr. Milinazzo.
In addition, the Company announced the appointment of Brian McCollum to
interim Chief Financial Officer, effective immediately. Mr. McCollum has
been with the Company in various roles of increasing responsibilities
over the past nine years most recently as its Senior Vice President of
Finance. On an interim basis, Mr. McCollum will be responsible for all
financial activities of the Company including investor relations.
About Orthofix
Orthofix International, N.V. is a global medical device company offering
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,
and via collaborations with other leading orthopedic product companies.
In addition, Orthofix is collaborating and investing in R&D activities
with leading medical institutions such as the Musculoskeletal Transplant
Foundation, the Orthopedic Research and Education Foundation, The
University of Medicine and Dentistry of New Jersey and the 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,
strategic partners and lenders, changes to and the interpretation of
governmental regulations, ongoing litigation matters and governmental
investigations of our businesses which could result in civil or criminal
liability or findings of violations of law (as further described in the
"Legal Proceedings" sections of our annual report on Form 10-K,
quarterly reports on Form 10-Q, and our report on Form 8-K dated June
23, 2010), risks relating to the protection of intellectual property,
changes to the reimbursement policies of third parties, the impact of
competitive products, changes to the competitive environment, the
acceptance of new products in the market, conditions of the orthopedic
industry, credit markets 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 (SEC).
Orthofix International N.V.
Brian McCollum, 214-937-2927
brianmccollum@orthofix.com
Source: Orthofix International N.V.
News Provided by Acquire Media