American Medical Systems Promotes Martin J. Emerson to Chief Executive Officer.MINNEAPOLIS -- American Medical Systems Holdings, Inc. (Nasdaq:AMMD AMMD Aerodynamic Mass Median Diameter ) today announced that, effective immediately, Martin J. Emerson has been promoted to President and Chief Executive Officer from his current role as President 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. . Mr. Emerson has also been appointed to the company's Board of Directors. In addition, the company announced that Douglas W. Kohrs, the company's current Chairman 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. , will remain an active officer of the company as Chairman of the Board. "Marty has played a key role in building the organization during its extraordinary growth over the past four-plus years," Mr. Kohrs said. "It gives me great pleasure to hand over the top position at AMS AMS - Andrew Message System to someone with his global leadership skills, strategic vision, and personal integrity." Mr. Emerson has twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. of medical device experience and has contributed significantly to AMS' success. In his more than four years at AMS, Mr. Emerson has held executive roles including Vice President and General Manager of International, Executive Vice President of Global Sales and Marketing, Chief Operating Officer, and most recently, President. His previous career experience has included leadership roles at Baxter International and Boston Scientific where he had responsibilities in both finance and general management. "I am honored to be taking the reins as CEO," said Mr. Emerson. "Our core executive team remains unchanged. As a team, we are committed to continuing to build the company's product portfolio, providing an ever-increasing number of cures to patients worldwide, and delivering significant value to our shareholders," he added. About American Medical Systems American Medical Systems, headquartered in Minnetonka, Minnesota is a diversified supplier of medical devices and procedures to cure erectile dysfunction Erectile Dysfunction Definition Erectile dysfunction (ED), formerly known as impotence, is the inability to achieve or maintain an erection long enough to engage in sexual intercourse. , 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, and other pelvic disorders in men and women. Although not life threatening, 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 in·ca·pac·i·tate tr.v. in·ca·pac·i·tat·ed, in·ca·pac·i·tat·ing, in·ca·pac·i·tates 1. To deprive of strength or ability; disable. 2. To make legally ineligible; disqualify. effects of these diseases, often through minimally invasive therapies. The company's products were used to treat over 120,000 patients in 54 countries during the last year. 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 2003 and its other SEC filings. |
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