AtriCure, Inc., a medical device company and developer of technologies and solutions for the treatment of atrial fibrillation, or Afib, and systems for the exclusion of the left atrial appendage, announced that Scott Drake, Chief Executive Officer of the Spectranetics Corp., has been elected as Director.
According to a release, Donald C. Harrison, MD, one of the founders of AtriCure, has also informed the Board of Directors of his plans to retire at the 2013 Annual Meeting in May 2014, following an orderly transition and after almost 20 years of service with the company.
Drake is President and Chief Executive Officer of the Spectranetics Corp.Spectranetics develops, manufactures, markets and distributes medical devices used in minimally invasive procedures within the cardiovascular system. Its products are sold in more than 40 countries and are used to access and treat arterial blockages in the legs and heart and to remove pacemaker and defibrillator cardiac leads. Since joining Spectranetics in August 2011, Drake has led it through significant growth. Spectranetics reported $140.3 million in revenue in 2012.
Prior to joining Spectranetics, Drake was Senior Vice President, Operations of DaVita, Inc., a U.S. provider of kidney care and dialysis. At DaVita, he had responsibility for business operations that generated approximately 20 percent of the company's revenue, which exceeded $6 billion. Previously, Drake held several positions of increasing responsibility within various healthcare business units at Covidien, Plc over a period of 17 years. From 2006 to 2009, Drake was Global Business Unit President, Respiratory and Monitoring Solutions, a $1.5 billion business with 8,000 employees. Under his leadership, significant operational improvements were made including revenue and profit growth, enhanced new product development pipeline, lifting of FDA consent decree and lean six sigma operational excellence initiatives. Foundational to these accomplishments is an intense focus on new product development, organizational effectiveness and customer needs.
"We are thrilled to welcome Scott to our Board of Directors, and look forward to his contribution to AtriCure. As a seasoned executive, Scott has significant leadership experience managing growing businesses, achieving sustainable revenue growth and driving operational improvements. I believe he will bring meaningful value to AtriCure and to our Board of Directors," said Michael Carrel, President and Chief Executive Officer of AtriCure.
"I am pleased to be joining AtriCure's Board of Directors, and look forward to contributing to the company's ongoing success and commercial efforts," said Drake. "AtriCure is at an exciting stage in its development as a company, and is emerging as a true leader in the field of atrial fibrillation."
Dr. Don Harrison has also announced that, following an orderly transition and succession, he will be retiring from the Board of Directors of AtriCure at the 2013 Annual Meeting in May 2014. Dr. Harrison has had an illustrious career spanning over 50 years. Prior to the founding of Charter Life Sciences, he was the senior vice president and provost for health affairs at the University of Cincinnati Medical Center, where he was responsible for three hospitals, more than 1000 faculty and over $240 million in funded research. Previously, he was Chief of Cardiology at Stanford University and Co-Director of the Falk Cardiovascular Research Center at Stanford University. Among his many professional honors, he has been the president of the American Heart Association and a trustee of the American College of Cardiology.
"Dr. Harrison was critical to the founding of AtriCure, and his extensive clinical and scientific expertise in cardiology and knowledge of atrial fibrillation have been invaluable to AtriCure's success," said Mike Carrel, AtriCure's President and Chief Executive Officer.
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