Catherine M. Burzik Named CEO of Kinetic Concepts, Inc. (KCI).Formerly President of the Applied Biosystems Applied Biosystems, Inc. (formerly NASDAQ: ABIO) is the original name of a pioneer biotechnology company founded in 1981 in Foster City, California, among the Silicon Valley cities of the southern San Francisco Bay Area. unit of Applera Corporation SAN ANTONIO San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. -- Kinetic Concepts Inc. (NYSE NYSE See: New York Stock Exchange :KCI KCI Kansas City International (airport) KCI Kennel Club of India KCI Key Club International KCI Korea Concrete Institute KCI Kitchener Collegiate Institute KCI Kids Central, Inc. KCI The Kitchen Collection, Inc. KCI Kodak Canada Inc. ), a global medical technology company with revenues of more than $1 billion and leadership positions in advanced wound care and therapeutic surfaces, today announced that it has appointed Catherine M. Burzik as Chief Executive Officer. Ms. Burzik joins KCI from her position as President of Applied Biosystems (NYSE:ABI Abi (ā`bī) [short for Abijah], in the Bible, King Hezekiah's mother. (Application Binary Interface) A specification for a specific hardware platform combined with the operating system. ), the leading global life sciences tools company. On November 6, 2006, Ms. Burzik will succeed KCI chief executive Denny Ware, who previously announced his intention to retire. Ms. BurzikeIUs career spans more than three decades and includes senior positions at Eastman Kodak, Johnson & Johnson as well as at Applied Biosystems, a unit of Applera Corporation. At Eastman Kodak, Ms. BurzikeIUs executive positions included 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. and President of Kodak Health Imaging Systems and General Manager/Vice President of Corporate Marketing. Ms. Burzik served on the Board of Directors at Cordis Corporation, prior to its acquisition by J&J. At J&J, she ran the Critikon medical technology company subsidiary and subsequently was appointed President of J&JeIUs Ortho-Clinical Diagnostics, Inc. business. Most recently, as President of Applied BiosystemseIU global business, she led the development of a new business strategy and formation of a strong executive management team for this leading $1.9 billion business. These changes have resulted in improved organic revenue growth, strategic acquisitions and sustained strong EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. performance. eIuI am thrilled to be joining KCI, an industry leader with a remarkable history of growth and innovation. KCI has an impressive technology platform and a strong market position in key product sectors, most particularly in advanced wound care. My focus will be on finding new avenues for growth, both via organic growth driven by a strong R&D pipeline, and through strategic acquisitions, while maintaining strong fiscal discipline. I am also optimistic that we will be able to expand in a number of international markets,eIN said Ms. Burzik. eIuMy husband and I look forward to moving to San Antonio, one of the nationeIUs fastest growing cities and one with a strong technology focus. I initially intend to travel extensively -- meeting with employees, doctors, nurses, hospital administrators, payors and patients -- to better understand the needs and expectations of each important constituency and to assess how KCI can be ever more effective in delivering value in the highly competitive health care marketplace,eIN she said. On behalf of the Board of Directors, Ronald W. Dollens, KCIeIUs chairman, said, eIuCathy is an exceptional talent. She brings vast experience managing global businesses in the medical technology, biology and life sciences areas. She is deeply committed to team building and has a demonstrated track record leading growing companies, bringing complex products to market and operating on an international scale. She is ideally suited to lead KCI to the next level of success. We look forward to working closely with her.eIN Ms. BurzikeIUs education includes a BA in Mathematics from Canisius College in Buffalo, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , and a MA in Mathematics from the University of Buffalo. She has also attended executive management programs at Penn State, Northwestern UniversityeIUs Kellogg School of Management
Ms. Burzik will be appointed to serve on KCIeIUs Board of Directors beginning November 6, 2006. Mr. Ware plans to remain with KCI through December 2006 in order to ensure a smooth transition and knowledge transfer. Mr. Ware also plans to continue serving on the Board through the end of the year. About KCI Kinetic Concepts, Inc. is a global medical technology company with leadership positions in advanced wound care and therapeutic surfaces. We design, manufacture, market and service a wide range of proprietary products that can improve clinical outcomes while helping to reduce the overall cost of patient care. Our advanced wound care systems incorporate our proprietary V.A.C.E1/2 technology, which has been clinically demonstrated to help promote wound healing wound healing Physiology The repair of a wound Steps Inflammation, repair and closure, remodeling, final healing; repair of incisions may be either simple–'clean' wounds with little loss of tissue heal by 'primary intention', or 'dirty' wounds heal by and can help reduce the cost of treating patients with serious wounds. Our therapeutic surfaces, including specialty hospital beds, mattress replacement systems and overlays, are designed to address pulmonary complications associated with immobility and to prevent skin breakdown. We have an infrastructure designed to meet the specific needs of medical professionals and patients across all health care settings including acute care hospitals, extended care facilities and patients' homes both in the United States and abroad. Forward-Looking Statements This press release contains forward-looking statements, including Ms. BurzikeIUs statements regarding the CompanyeIUs prospects for growth and acquisitions. The forward-looking statements contained herein are based on our current expectations and are subject to a number of uncertainties. All information set forth in this release is as of October 20, 2006. We undertake no duty to update this information. More information about the company is described in our Annual Report on 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. for the fiscal year ended December 31, 2005, and our Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the fiscal quarter ended June 30, 2006, which are on file with the SEC and available at the SECeIUs website at www.sec.gov. |
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