AngioDynamics Names D. Joseph Gersuk Chief Financial Officer.QUEENSBURY, N.Y. -- AngioDynamics, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ANGO ANGO Algemene Nederlandse Gehandicapten Organisatie (Dutch: Equal Opportunities for Persons with Disabilities) ), a leading provider of innovative medical devices used by interventional radiologists and surgeons for the minimally invasive treatment of cancer and peripheral vascular disease Peripheral Vascular Disease Definition Peripheral vascular disease is a narrowing of blood vessels that restricts blood flow. It mostly occurs in the legs, but is sometimes seen in the arms. , announced today that it has appointed D. Joseph Gersuk to the position of senior vice president and chief financial officer effective April 16, 2007. Mr. Gersuk will have responsibility for overseeing all financial operations, directing financial strategy, and providing strategic input and leadership on opportunities for expansion and projection of future company growth. He will report directly to Eamonn P. Hobbs, president and chief executive officer. Mr. Gersuk, 56, brings more than 25 years of experience as a senior financial executive to AngioDynamics, having served as CFO See Chief Financial Officer. of emerging technology companies, including publicly traded MapInfo Corporation (NASDAQ:MAPS), DataEase Sapphire International, and Staveley NDT NDT Newfoundland Daylight Time Technologies. His background includes financial expertise in mergers and acquisitions, working capital management, treasury, regulatory accounting and reporting, and implementation of strong internal controls. "Joe's talents are perfectly aligned with AngioDynamics' strategy at this stage of our development," said Mr. Hobbs. "He brings a depth of experience in overseeing sound financial strategies that encompasses both domestic and international scales. In addition, his proven track record of leading companies that are experiencing rapid growth both organically and through mergers and acquisitions, will strengthen our management team as we take AngioDynamics to the next level." Mr. Gersuk succeeds Joseph Gerardi, 45, who has been a member of the AngioDynamics team since 1992 and has served as vice president, chief financial officer since May 2004. Gerardi will continue as a member of the Company's management team, assuming the new role of vice president, special projects, in which he will be responsible for the continuing integration of recently-acquired RITA RITA Cardiology A clinical trial–Randomized Intervention Treatment of Angina–comparing the outcome of PCTA vs CABG in Pts with angina. See Angina, Angioplasty, CABG, Percutaneous transluminal angioplasty. Medical Systems and for development of future opportunities that build on AngioDynamics' core competencies. Mr. Gersuk holds an M.B.A., Finance from American University and a B.S. from the United State Naval Academy. He is an active community leader, currently serving as the trustee and chairman of the board for Ellis Hospital in Schenectady, N.Y. and the trustee and treasurer of the Albany Academy for Girls Albany Academy for Girls (commonly referred to as AAG) is a girls' day school in Albany, New York, USA. Founded in 1814 by Ebenezer Foote, AAG is the oldest independent girls' day school in the United States [1]. . Mr. Gersuk also served as director and audit committee chair for American Bio Medica medica (māˑ·dē·k Corporation from 2002 to 2003. "AngioDynamics is a company with enormous potential and I am excited and energized to be joining them at a time of rapid growth. I look forward to the privilege of working with this team of dynamic and creative people," said Mr. Gersuk. About AngioDynamics AngioDynamics, Inc. is a leading provider of innovative medical devices used by interventional radiologists, surgeons, and other physicians for the minimally invasive treatment of cancer and peripheral vascular disease. The Company's diverse product line includes market-leading radiofrequency ablation Radiofrequency ablation (RFA) A technique for removing a tumor by heating it with a radiofrequency current passed through a needle electrode. Mentioned in: Liver Cancer, Prenatal Surgery systems, vascular access products, angiographic products and accessories, dialysis products, angioplasty products, drainage products, thrombolytic thrombolytic /throm·bo·lyt·ic/ (throm?bo-lit´ik) dissolving or splitting up a thrombus, or an agent that so acts. thrombolytic 1. dissolving or splitting up a thrombus. 2. an agent that dissolves or splits up a thrombus. products, embolization embolization /em·bo·li·za·tion/ (em?bo-li-za´shun) 1. the process or condition of becoming an embolus. 2. therapeutic introduction of a substance into a vessel in order to occlude it. products and venous products. More information is available at www.angiodynamics.com. Safe Harbor The statements made in this document contain certain forward-looking statements that involve a number of risks and uncertainties. Words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "estimates," or variations of such words and similar expressions, are intended to identify such forward-looking statements. Investors are cautioned that actual events or results may differ from the Company's expectations. In addition to the matters described above, the ability of the Company to develop its products, future actions by the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. or other regulatory agencies, results of pending or future clinical trials, overall economic conditions, general market conditions, market acceptance, foreign currency exchange rate fluctuations, the effects on pricing from group purchasing organizations and competition, as well as the risk factors listed from time to time in the SEC filings of AngioDynamics, Inc., including but not limited to its Annual Report on Form 10-K for the year ended June 3, 2006, may affect the actual results achieved by the Company. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion