Alphatec Spine Appoints Luke T. Faulstick to Board of Directors
07 Août 2012 - 10:00PM
Alphatec Holdings, Inc. (Nasdaq:ATEC), the parent company of
Alphatec Spine, Inc., a medical device company that designs,
develops, manufactures and markets products for the surgical
treatment of spine disorders, with a focus on treating conditions
related to the aging spine, today announced the appointment of Luke
T. Faulstick to the Company's Board of Directors. The appointment
increases the size of Alphatec Spine's Board of Directors to eight
and increases the number of independent directors to five.
Mr. Faulstick is Co-Owner, President and Chief Executive Officer
of Athens, Georgia-based Power Partners Inc., a position he has
held since early 2012. Mr. Faulstick has served on Power Partner's
Board of Advisors since 2003. Power Partners is a leading
manufacturer of overhead distribution transformers, serving public
and private power utilities in North America, Central America,
Mexico, the Caribbean and other markets. The company also produces
adsorption chillers for industrial cooling applications and has
custom metal fabrication operations serving various industrial
industries in North and South America. Prior to that, Mr. Faulstick
served in several operational roles at DJO Global, Inc., most
recently as Executive Vice President and Chief Operating Officer.
Mr. Faulstick joined DJO Global in 2001 and helped the company
establish global operations and grow ten-fold during his tenure.
DJO Global is a leading global developer, manufacturer and
distributor of high-quality medical devices that provide solutions
for musculoskeletal health, vascular health and pain
management.
Mr. Faulstick brings over 25 years of operational experience in
the medical, electronic and photographic industries, and has held
senior operating management roles at Tyco Healthcare, Graphic
Controls, Mitsubishi Consumer Electronics and Eastman Kodak. He is
a recognized leader in implementing and managing lean, customer
focused team-based operations and his operations have received
numerous awards, including the Shingo Prize for operational
excellence, Industry Week's Best Plants and the Association of
Manufacturing Excellence Operational Excellence award. Mr.
Faulstick holds a B.S. in engineering from Michigan State
University and an M.S. in engineering from Rochester Institute of
Technology. He served on the Association of Manufacturing
Excellence Board of Directors from 2006 to 2012 and as Chairman of
the Board from 2009 to 2011. He is currently a member of the Rady
Children's Hospital Foundation Board of Trustees and is a Certified
Board of Director through the UCLA Anderson School of Business.
"Having worked with Luke for a decade at DJO Global, I am
pleased that he has agreed to join Alphatec Spine's board of
directors. His experience with global operations will strengthen
our board and be a tremendous asset to our company," said Les
Cross, Alphatec Spine's Chairman and Chief Executive Officer. "Luke
is a proven and respected leader at transforming businesses into
customer-focused, lean and scalable enterprises. With his
impressive 25 years of experience, we welcome Luke's insight and
support with our operational excellence initiatives. I look forward
to continuing to work with our employees and our board of directors
to unleash the value of Alphatec Spine for all stakeholders."
About Alphatec Spine
Alphatec Spine, Inc. is a wholly owned subsidiary of Alphatec
Holdings, Inc. (Nasdaq:ATEC). Alphatec Spine is a medical device
company that designs, develops, manufactures and markets products
for the surgical treatment of spine disorders, primarily focused on
the aging spine. The Company's mission is to combine
world-class customer service with innovative, surgeon-driven
products that will help improve the aging patient's quality of
life. The Company is poised to achieve its goal through new
solutions for patients with osteoporosis, stenosis and other aging
spine deformities, improved minimally invasive products and
techniques and integrated biologics solutions. In addition to
its U.S. operations, the Company also markets its products in over
50 international markets through its affiliate, Scient'x S.A.S.,
via a direct sales force in France, Italy and the United Kingdom
and via independent distributors in the rest of Europe, the Middle
East and Africa. In Latin America, the Company conducts its
business through its subsidiary, Cibramed Produtos Medicos. In
Japan, the Company markets its products through its subsidiary,
Alphatec Pacific, Inc. In the rest of Asia and Australia, the
Company sells its and Scient'x's products through its and
Scient'x's distributors.
The Alphatec Holdings, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3520
CONTACT: Investor/Media Contact:
Mark Francois
Senior Director, Investor Relations
Alphatec Spine, Inc.
(760) 494-6610
mfrancois@alphatecspine.com
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