Advanced Medical Optics Names New Chief Financial Officer, Announces Management Changes.SANTA ANA, Calif. -- Advanced Medical Optics Advanced Medical Optics, Inc., (NYSE: EYE) (known as AMO) is a global medical device leader focused on the discovery and delivery of innovative vision technologies that optimize the quality of life for people of all ages. , Inc. (AMO AMO - America's Multimedia Online ) [NYSE NYSE See: New York Stock Exchange :EYE], a global leader in ophthalmic surgical devices and eye care products, today announced that Michael J. Lambert, 45, will join the company on October 15 as chief financial officer. Mr. Lambert is a seasoned executive who brings to AMO approximately 20 years of experience and a diverse financial background. Most recently, he was senior vice president and chief financial officer of Quest Software, Inc. where he drove productivity gains and controlled costs, improved cash flow performance, integrated multiple acquisitions, and improved resource allocation resource allocation Managed care The constellation of activities and decisions which form the basis for prioritizing health care needs processes. Prior to joining Quest in November 2004, Mr. Lambert was chief financial officer at Quantum Corporation, and Nervewire, Inc., a pre-IPO internet services firm. He was also chief financial officer for a division of Lucent Technologies. Mr. Lambert holds a master's degree from Harvard Graduate School of Business Administration and a bachelor's degree from Stonehill College. "Michael is an outstanding addition to our executive leadership team," said Jim Mazzo, AMO chairman, president and chief executive officer. "He is an experienced leader with an excellent reputation and a deep understanding of the financial requirements of a public company with a global presence. I expect Michael to play an integral role in advancing our strategy to achieve sustained, profitable growth through innovative vision technologies that enhance the quality of life for people of all ages. I am pleased to welcome Michael to AMO." At AMO, Mr. Lambert will oversee the company's finance, accounting, tax, treasury and information technology functions and report directly to Mr. Mazzo. Before Mr. Lambert's appointment, Richard (Randy) A. Meier, 48, held positions of chief financial officer and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. at AMO. Mr. Meier will continue as AMO's chief operating officer and assume additional responsibility for management of the company's cataract/implant business and global customer services function, while maintaining his existing management responsibilities for AMO's eye care business and the company's global manufacturing and supply chain operations. C. Russell Trenary, III, 50, who was previously president of the company's cataract/implant business, has been named executive vice president of global public policy and medical education encompassing all of AMO's businesses and product lines. Both executives will continue to report directly to Mr. Mazzo. About Advanced Medical Optics (AMO) AMO is focused on providing the full range of advanced refractive refractive capacity to refract light. refractive error a difference between the focal length of the cornea and lens, and the length of the eye, resulting in myopia or hyperopia. technologies and support to help eye care professionals deliver optimal vision and lifestyle experiences to patients of all ages. Products in the cataract/implant line include intraocular lenses (IOLs), phacoemulsification phacoemulsification /phaco·emul·si·fi·ca·tion/ (-e-mul?si-fi-ka´shun) a method of cataract extraction in which the lens is fragmented by ultrasonic vibrations and simultaneously irrigated and aspirated. systems, viscoelastics, and related products used in ocular surgery. AMO owns or has the rights to such product brands as ReZoom([R]), Tecnis([R]), Clariflex([R]), Sensar([R]), and Verisyse([R]) IOLs, Sovereign([R]), Sovereign([R]) Compact and WhiteStar Signature([TM]) phacoemulsification systems with WhiteStar([R]) technology, Healon([R]) viscoelastics, and the Baerveldt([R]) glaucoma shunt. Products in the laser vision correction line include wavefront Noun 1. wavefront - (physics) an imaginary surface joining all points in space that are reached at the same instant by a wave propagating through a medium wave front diagnostic devices, femtosecond lasers and associated patient interface devices, and excimer laser A gas laser in which a very short electrical pulse excites a mixture containing a halogen such as fluorine and a rare gas such as argon or krypton. It produces a brief, intense pulse of ultraviolet light. vision correction systems and treatment cards. AMO brands in the laser vision correction business include Star S4 IR([R]), WaveScan Wavefront([R]), Advanced CustomVue([TM]), IntraLase([R]) and IntraLasik([R]). Products in the contact lens contact lens, thin plastic lens worn between the eye and eyelid that may be used instead of eyeglasses. Actors, models, and others wear them for appearance, and athletes use them for safety and convenience. care line include disinfecting solutions, enzymatic cleaners and lens rewetting drops. Among the eye care product brands the company possesses are COMPLETE([R]), COMPLETE([R]) Blink-N-Clean([R]), Consept([R])F, Consept([R]) 1 Step, Oxysept([R]) 1 Step, UltraCare([R]), Ultrazyme([R]), Total Care([TM]) and blink[TM] branded products. AMO is based in Santa Ana, California Santa Ana is the most populous city in Orange County, California and is the county seat. It lies approximately 10 miles inland from the Pacific Ocean, on the largely seasonal Santa Ana River. , and employs approximately 4,200 worldwide. The company has operations in 24 countries and markets products in approximately 60 countries. For more information, visit the company's Website at www.amo-inc.com. Forward-Looking Statements All forward-looking statements in this press release, such as Mr. Mazzo's statements, are based on estimates and assumptions and represent AMO's judgment only as of the date of this press release. Actual results may differ from current expectations based on a number of factors. Therefore, the reader is cautioned not to rely on these forward-looking statements. AMO disclaims any intent or obligation to update these forward-looking statements. Additional information concerning these and other risk factors may be found in previous press releases issued by AMO and AMO's public periodic filings with the Securities and Exchange Commission, including the discussion under the heading "Risk Factors" in AMO's 2006 Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed in March 2007 and Form 10-Q Form 10-Q See 10-Q. filed in August 2007. Copies of press releases and additional information about AMO are available at www.amo-inc.com. |
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