ArthroCare Announces Management Change.Business Editors/Health & Medical Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--May 2, 2002 ArthroCare Corp. (Nasdaq:ARTC ARTC Arthrocare Corp (stock symbol) ARTC Australian Rail Track Corporation ARTC Air Route Traffic Control ARTC Association de la Recherche Theatrale au Canada ARTC Andean Root and Tuber Crops ), a multi-business medical device company that develops products based on its patented Coblation(R) technology, today announced the company has appointed Fernando Sanchez to the position of senior vice president, operations and chief financial officer. Sanchez, who joined the company earlier this year, has more than 20 years of experience in high-ranking finance and operations positions at a variety of public and private medical device and technology companies. He replaces Christine Hanni, who is leaving the company, as chief financial officer. "Sanchez brings tremendous talent and experience to this key role, and we are confident he will help continue to drive the company's growth and success," said Michael A. Baker Michael Allen Baker (Captain, USN, Ret.) is the International Space Station Program Manager for International and Crew Operations, at NASA's Johnson Space Center. He is responsible for the coordination of program operations, integration and flight crew training and support , ArthroCare's president and chief executive officer. "Christine has been an important contributor to ArthroCare's early strategy and success and we appreciate her many contributions. We wish her well in her future endeavors." "My four years at ArthroCare have been rewarding and enjoyable," said Hanni. "I am excited about the new challenges and stimulating opportunities I am pursuing and am confident the company is in good hands with Fernando." "I look forward to helping take ArthroCare to the next level," said Sanchez. "The company has continued to generate rapid, sustainable growth, and I am eager to build and expand upon ArthroCare's many successes." Sanchez joined ArthroCare in February 2002 as senior vice president. Most recently, he was chief financial officer and treasurer for Novopoint.com, Inc. and Esoterix. Prior to these positions, Sanchez led an offshore manufacturing and assembly operation in Ciudad Juarez, Mexico, and a distribution center in El Paso El Paso (ĕl pă`sō), city (1990 pop. 515,342), seat of El Paso co., extreme W Tex., on the Rio Grande opposite Juárez, Mex.; inc. 1873. , Texas, for Gould Inc., a diversified conglomerate conglomerate, in business conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. in electronic, electrical and automotive product sectors. Sanchez has held senior management positions in the medical device field for Medtronic, Inc. and Cordis Corp. About ArthroCare ArthroCare Corp. (www.arthrocare.com), headquartered in Sunnyvale, Calif., is a multi-business medical device company that develops, manufactures and markets minimally invasive soft tissue surgical products based on its patented Coblation technology. Coblation uses low-temperature radio-frequency energy to gently and precisely dissolve A Web site design technique borrowed from the film and video industry in which the transition between two Web pages is represented visually by one page fading into another. Also known as a "soft cut," the result is achieved in the HTML coding of the images to gradual pre-determined rather than burn soft tissue, minimizing damage to healthy tissue. ArthroCare targets a multi-billion dollar market opportunity across several medical specialties Medical Specialties See also anatomy; disease and illness; drugs; health; remedies; surgery. adenography the science of the description of glands. — adenographic, adj. , significantly improving surgical procedures Surgical procedures have long and possibly daunting names. The meaning of many surgical procedure names can often be understood if the name is broken into parts. For example in splenectomy, "ectomy" is a suffix meaning the removal of a part of the body. "Splene-" means spleen. and enabling new, minimally invasive procedures Minimally invasive surgical procedures avoid open invasive surgery in favor of closed or local surgery with less trauma. These procedures involve use of laparoscopic devices and remote-control manipulation of instruments with indirect observation of the surgical field through an . ArthroCare's Coblation-based devices have been used in more than 1.5 million surgical procedures worldwide. The company has developed and marketed Coblation-based products for arthroscopic, spine/neurologic, ear, nose and throat, cosmetic, urologic, gynecologic gynecologic /gy·ne·co·log·ic/ (gi?ne-) (jin?e-kah-loj´ik) pertaining to the female reproductive tract or to gynecology. and laparoscopic/general surgical procedures, and continues research in other areas. |
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