SUNNYVALE, Calif., April 25 /PRNewswire-FirstCall/ -- Kyphon Inc.
(Nasdaq: KYPH) today announced the appointment of D. Keith Grossman to its
board of directors. Grossman, who most recently served for ten years as
president and chief executive officer of Thoratec Corporation, a publicly
held medical technology company, will stand for election at the company's
2007 annual shareholder meeting, scheduled for June 14, 2007.
"After a thorough search process, we determined that Keith's proven
leadership skills, broad management experience in growing companies and his
hands-on operational expertise would greatly benefit our organization,"
said Richard Mott, Kyphon's president and chief executive officer. "Keith's
experience leading high-growth medical technology companies with pioneering
medical therapies will undoubtedly support Kyphon's mission to become the
recognized global leader in restoring spinal function through minimally
invasive therapies, and we believe his appointment to Kyphon's board of
directors ensures the company will continue to benefit from a diversity of
experience and opinions," continued Mott.
Before his ten years at the helm of Thoratec, Grossman, 47, was a
division president of Major Pharmaceuticals, Inc., a subsidiary of Eon
Laboratories, from June 1992 to September 1995. From July 1988 to June
1992, Grossman served as the vice president of sales and marketing for
Calcitek, Inc., a manufacturer of implantable medical devices and a
division of Sulzermedica (formerly Intermedics, Inc.). Prior to 1988, he
held various other sales and marketing management positions within the
McGaw Laboratories Division of American Hospital Supply Corporation.
Grossman remains a member of the board of directors of Thoratec, and also
serves as a member of the board of directors of Intuitive Surgical, Inc., a
publicly traded surgical robotics company. He earned his Bachelors degree
from The Ohio State University, and his Masters of Business Administration
degree from Pepperdine University.
The Company also announced that directors Stephen M. Campe and Douglas
W. Kohrs, each of whom has served on Kyphon's board for over seven years,
will not stand for reelection at the company's 2007 annual shareholder
meeting. "I would also like to take this opportunity to sincerely thank
both Steve and Doug for their valuable years of service on Kyphon's board
and their significant contributions to Kyphon's tremendous growth,"
concluded Mott.
About Kyphon
Kyphon develops and markets medical devices designed to restore and
preserve spinal function and diagnose the source of low back pain using
minimally invasive technologies. The company's products are used in balloon
kyphoplasty for the treatment of spinal fractures caused by osteoporosis or
cancer, in the Functional Anaesthetic Discography(TM) procedure for
diagnosing the source of low back pain, and in the Interspinous Process
Decompression procedure for treating lumbar spinal stenosis. More
information about the company and its products can be found at
http://www.kyphon.com.
NOTE: Functional Anaesthetic Discography is a trademark, and Kyphon is
a registered trademark, of Kyphon Inc.
KYPHG
SOURCE Kyphon Inc.
 back to top
Related links:
http://www.kyphon.com/
CONTACT:
Investors and Media, Julie D. Tracy, Vice
President, Chief Communications Officer of Kyphon,
+1-408-548-6687, or jtracy@kyphon.com
|
