EATONTOWN, N.J., Aug. 1 /PRNewswire-FirstCall/ -- Osteotech, Inc.
(Nasdaq: OSTE) announced today that its Board of Directors appointed Mark H.
Burroughs, Osteotech's Vice President, Finance and Treasurer, to succeed
Michael J. Jeffries as Executive Vice President, Chief Financial Officer and
Secretary, upon the retirement of Mr. Jeffries effective December 31, 2005.
Osteotech previously announced that after nearly sixteen years of service Mr.
Jeffries would retire from Osteotech at the end of 2005.
Mr. Burroughs joined Osteotech in late 2000 after serving in a number of
senior-level management positions in finance, operations and mergers and
acquisitions over a period of nine years with MEDIQ/PRN Life Support Services,
Inc. Prior to MEDIQ/PRN, Mr. Burroughs spent nine years with Deloitte &
Touche, where he last held the position of senior manager.
Richard W. Bauer, Osteotech's Chief Executive Officer, stated, "Mark is
extremely knowledgeable about Osteotech and its business and I am pleased that
we were able to promote from within for this key executive position. Mark is
well prepared for this new role and his experience and dedication will allow
for a smooth transition. I have great confidence in Mark and I look forward
to the valuable contributions he will make as Osteotech continues to
successfully implement its domestic and international strategic initiatives."
Osteotech, Inc, headquartered in Eatontown, New Jersey, is a leading
provider of human bone and bone connective tissue for transplantation and an
innovator in the development and marketing of biomaterial and implant products
for musculoskeletal surgery. For further information regarding Osteotech,
please go to Osteotech's website homepage at http://www.osteotech.com.
SOURCE Osteotech, Inc.
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Related links:
http://www.osteotech.com
Company News On-Call:
http://www.prnewswire.com/comp/668050.html
CONTACT:
Michael J. Jeffries, Osteotech,
+1-732-542-2800
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