Healthcare Industry News: minimally invasive surgery
News Release - May 31, 2006
Viking Systems, Inc. Appoints Donald E. Tucker President and Chief Executive Officer
SAN DIEGO--(HSMN NewsFeed)--May 31, 2006--Viking Systems, Inc. (OTCBB: VKSY ) has appointed Donald E. Tucker as President and Chief Executive Officer. He will also join the Company's Board of Directors. Mr. Tucker brings to Viking Systems over 25 years of executive level management and health care products strategic business consulting experience.Mr. Tucker will coordinate the growth of the Company's medical technology business by further developing its branded solution portfolio and expanding the Company's sales and distribution capabilities. Viking's proprietary EndoSite 3Di and 2Di Digital Visual Systems are the Company's core technologies, used by surgeons for minimally invasive laparoscopic surgery. Essential to the growth of Viking Systems, Mr. Tucker will also focus on continuing to expand the Company's successful original equipment manufacturing (OEM) business division, through which it designs, assembles and manufacturers cameras and other components for world-class medical instrument companies.
Mr. Tucker recently retired as a partner and senior executive of Accenture, a leading global consulting company. During his 26-year career with Accenture, Mr. Tucker served as Managing Partner for the Company's Medical Products, Diagnostics and Devices industry segments, as well as Lead Partner for its West Coast Biopharmaceutical market. He specialized in product and market development, supply chain management, and strategy formulation.
"Viking Systems' solutions and technology are uniquely positioned in the healthcare market and specifically, in the rapidly growing field of minimally invasive surgery. We are at the center of the hospitals 'value' system, with an advanced solution-set that directly targets the need for improved outcomes, market differentiation and growth," said Mr. Tucker. "I am pleased to join the management team of Viking Systems as we address the challenge of growing our market presence from this strong position. In my new role, I am focused on driving and increasing value for all of our shareholders. My knowledge and experience in working with companies of all kinds -- from Fortune 50 mainstays to medical device and development-stage technology companies and more -- have given me a deep understanding of the industry, the relevant trends, and what it will take to be successful. I look forward to working with our strong Viking team and leading the Company to meet our corporate and shareholder goals."
Mr. Tucker is an executive advisor and board member to a number of associations in the Life Sciences industry, and is a leading speaker in the field. He earned his Bachelor of Science degree in Business Administration from Northern Michigan University. He is a majority shareholder in Viking Systems.
About Viking Systems, Inc.
Viking Systems, Inc. is a designer, manufacturer and marketer of FDA-cleared, CE-marked, high-performance laparoscopic vision systems. The Company's primary branded product is the EndoSite 3Di Digital Vision System, an advanced three-dimensional (3-D) vision system used by surgeons for complex minimally invasive laparoscopic surgery, with an initial focus on applications in urology, gynecology, bariatrics and general surgery. Viking also manufactures advanced two-dimensional (2-D) EndoSite 2Di Digital Vision Systems for targeted configurations and channels, as well as 2-D cameras and components, sold through strategic partner and OEM programs.
Source: Viking Systems
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