ATEC Enhances Board with Renowned Spine Prowess
17 Octobre 2023 - 10:05PM
Business Wire
Dave Demski appointed to Board of Directors
Keith Valentine appointed Special Advisor to
Board of Directors
Alphatec Holdings, Inc. (Nasdaq: ATEC), a provider of innovative
solutions dedicated to revolutionizing the approach to spine
surgery, announced today that Dave Demski, former director and
Chief Executive Officer of Globus Medical, has been appointed as an
independent director to the Board. The Company also announced that
Keith Valentine, former Chief Executive Officer of Orthofix, has
been appointed Special Advisor to the Board.
With over 20 years of experience in spine, Demski served most
recently on the Globus Medical Board of Directors from 2003 to
2022. He served as Globus Medical’s Chief Executive Officer from
2017 to 2022, and as President from 2019 to 2022, following roles
that included Chief Financial Officer and President, Emerging
Technologies.
Valentine boasts over 30 years of experience in spine. Following
its merger with SeaSpine in 2023, he was appointed President and
Chief Executive Officer of Orthofix, a position he held until
recently. Prior to the merger, Valentine served as Chief Executive
Officer and President of SeaSpine beginning in 2015. Prior to
joining SeaSpine, Keith served as NuVasive’s President and Chief
Operating Officer following roles as President and in various
senior executive capacities of increasing responsibility in
marketing, development and operations.
“A defining element of the ATEC turnaround has been our
willingness to act boldly when a door of opportunity opens," said
Pat Miles, Chairman and CEO. "While conglomerateurs and capitulants
continue to form awkward alliances, ATEC has emerged as the most
clinically focused spine-only company. Our success is due to our
relentless pursuit to improve spine care, and certainty that people
and know-how will always differentiate ATEC. Dave and Keith bring
with them a combined 50 years' experience leading some of spine’s
most successful organizations. I admired Dave's accomplishments
from a distance as he ran Globus over the years. As I have come to
know him better, I have no question that the addition of his
influence will make us a better company.”
"I want to address one matter, clearly and directly," added
Miles. "We are aware of the recent negative commentary directed at
Keith by his former employer. Years ago, I too was the target of a
very public assault. During that time, I was blessed to be
supported by friends who knew me best, and who rejected the
accusations of strangers. I have known Keith for 30 years -- I know
his imperfections, but I also know his heart. He is beloved by many
in our industry and his impact on spine care over the years is
undeniable. Keith has made it clear he is ready to devote his
considerable energy to making ATEC better, and I am thrilled to
have him join our effort."
About ATEC
ATEC, through its wholly owned subsidiaries, Alphatec Spine,
Inc., EOS imaging S.A.S. and SafeOp Surgical, Inc., is a medical
device company dedicated to revolutionizing the approach to spine
surgery through clinical distinction. ATEC’s Organic Innovation
MachineTM is focused on developing new approaches that integrate
seamlessly with the Company’s expanding AlphaInformatiX Platform to
better inform surgery and more safely and reproducibly achieve the
goals of spine surgery. ATEC’s vision is to be the Standard Bearer
in Spine. For more information, visit us at www.atecspine.com.
Forward Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements are based on management's current
expectations and are subject to a number of risks and
uncertainties. A list and description of such risks and
uncertainties can be found in the Company's most recent annual
report, and any subsequent quarterly and current reports, filed
with the Securities and Exchange Commission. ATEC disclaims any
intention or obligation to update or revise any forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20231017793246/en/
Investor/Media Contact: Tina Jacobsen, CFA Investor
Relations (760) 494-6790 investorrelations@atecspine.com
Company Contact: J. Todd Koning Chief Financial Officer
Alphatec Holdings, Inc. investorrelations@atecspine.com
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