Healthcare Industry News: WaveLight
News Release - April 26, 2007
WaveLight, Inc. Hires Chief Financial Officer to Support U.S. Operations
Ken Nelson Brings More Than 30 Years of Experience to WaveLight, Inc.STERLING, Va.--(HSMN NewsFeed)--WaveLight, Inc. (FWB:WLT) announced today that Ken Nelson has joined the company as the Chief Financial Officer to oversee finance-related strategic and operational decisions for the U.S. subsidiary. This appointment further strengthens the U.S. executive management team led by CEO Wolfgang Tolle that includes Blake Michaels, Vice President of Sales; Luca Sergio, Vice President of Marketing; and the recently appointed Ric Tiplady, Vice President of Business Development and Beth Martinko, Vice President Customer Service.
"With three decades of international finance and operational experience, Ken Nelson has the practical insight to help guide WaveLight, Inc. to its next stage of evolution," said CEO Wolfgang Tolle. "Acquiring such a seasoned CFO along with the other highly-experienced members of our management team, demonstrates our commitment to further grow the company, broaden our leadership position in the refractive laser industry and provide unparalleled support to our burgeoning customer base."
Prior to joining WaveLight, Inc., Nelson was Managing Partner for London-based Highgate Associates, LLC. There, he raised more than 65 million dollars, completed six divestitures and four European acquisitions. Nelson was previously the Senior Vice President and Chief Financial Officer for Nextone Communications, Inc. where he raised more than 80 million dollars in funding and had direct responsibility for the company's daily operations, support, installations as well as all financial, accounting, tax, legal, IR and administrative functions. Before Nextone, Nelson was the Senior Vice President and Chief Financial Officer for the Internet B2B technology firm, Cyveillance, Inc. Nelson served in similar capacities at several other publicly traded and private technology firms, including 11 years as Vice President and Treasurer of the NASDAQ- listed international professional service firm, ICF International, where he developed and executed strategies for more than 600 million dollars in financing.
Nelson earned his Bachelor of Arts degree in Business Administration at St. Michael's College in Colchester, Vermont and his Masters of Business Administration in Finance at the University of Connecticut in Hartford. Later he completed the M&A Series of the Executive Program at Northwestern University's Kellogg School of Management.
"WaveLight provides a unique opportunity for me to apply my background in finance and strategic leadership to a team that is poised for tremendous growth," said Ken Nelson. "I am excited to build upon WaveLight's recent successes, in particular the achievement of 18 percent consolidated growth and 32 percent growth in the U.S. for the first half of fiscal year 2006/2007."
WaveLight AG has been listed on Deutsch Borse AG's Prime Standard segment since January 2003: The company, which develops, manufactures and markets a full range of high-quality products for ophthalmology, specializes in vision optics. The market success of WaveLight is based on a dense sales network comprised of WaveLight's own sales channels as well as the sales channels of strategic partners.
Further information on WaveLight is available at: www.WaveLight.com
All information is given and all assessments are made on the basis of extremely conscientious research. However, no guarantee is given with regard to the information or assessments published. No liability whatsoever is accepted. The above statements do not represent an invitation to buy or sell securities. All rights reserved.
Source: WaveLight
Issuer of this News Release is solely responsible for its
content.
Please address inquiries directly to the issuing company.
