American Medical Systems Appoints Mark A. Heggestad as Chief Financial Officer.Former Medtronic Executive to Join AMS AMS - Andrew Message System on December 18 MINNEAPOLIS -- American Medical Systems Holdings, Inc. (Nasdaq:AMMD AMMD Aerodynamic Mass Median Diameter ) today announced that Mark A. Heggestad, 47, has been named Executive Vice President and Chief Financial Officer. Mr. Heggestad was most recently Vice President, Finance, Cardiac Surgery at Medtronic, Inc. "Mark is a welcome addition to our senior management ranks and we are excited to have him on the team," said Martin J. Emerson, AMS President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "He brings years of proven experience and success from his time at Medtronic. Specifically, Mark has developed a deep set of skills in the areas of corporate and divisional finance, M&A, external reporting, and finance organizational development. I am confident that Mark is the right executive joining AMS at the right time," Emerson added. Mr. Heggestad has more than 19 years experience in increasingly responsible financial management roles at Medtronic, Inc. including positions in cardiac surgery, multiple roles within corporate finance, defibrillation Defibrillation Definition Defibrillation is a process in which an electronic device sends an electric shock to the heart to stop an extremely rapid, irregular heartbeat, and restore the normal heart rhythm. systems and pacing leads. About American Medical Systems American Medical Systems, headquartered in Minnetonka, Minnesota and including its recently concluded acquisition of Laserscope, is a diversified supplier of medical devices and procedures to cure erectile dysfunction, benign prostatic hyperplasia benign prostatic hyperplasia n. Abbr. BPH A nonmalignant enlargement of the prostate gland commonly occurring in men after the age of 50, and sometimes leading to compression of the urethra and obstruction of the flow of urine. , incontinence, menorrhagia menorrhagia /men·or·rha·gia/ (men?ah-ra´jah) hypermenorrhea. men·or·rha·gia n. See hypermenorrhea. , prolapse prolapse Protrusion of an internal organ out of its normal place, usually of the rectum or uterus outside the body when supporting muscles weaken. The membrane lining the rectum can push out through the anus, most often in old people with constipation who strain during and other pelvic disorders in men and women. These disorders can significantly diminish one's quality of life and profoundly affect social relationships. In recent years, the number of people seeking treatment has increased markedly as a result of longer lives, higher quality-of-life expectations and greater awareness of new treatment alternatives. American Medical Systems' products reduce or eliminate the incapacitating effects of these diseases, often through minimally invasive therapies. The Company's products were used to provide approximately 170,000 patient cures in 56 countries during 2005. More information about the Company and its products can be found at its website www.AmericanMedicalSystems.com and in the Company's Annual Report on Form 10-K for 2005 and its other SEC filings. |
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