– USA, MN – Electromed, Inc. (NYSE American: ELMD), a leader in innovative airway clearance technologies, today announced the election of Andy Summers to its Board as a new independent director, effective July 25, 2022.
“We are pleased to welcome Andy Summers to Electromed’s Board of Directors. We are confident that his distinguished career in investing across the global healthcare sector will help guide Electromed’s corporate strategy,” said Lee Jones, Chair of the Board. “We look forward to his insights as we continue to execute our multiple growth strategies and gain market share as a leader in the airway clearance space.”
Mr. Summers will also join the Strategy and Finance Committee as Vice-Chair and the Nominating and Governance Committee as a member.
About Andrew Summers
Andrew Summers founded Summers Value Partners LLC in 2018 and serves as General Partner for the Summers Value Fund LP. He has 22 years of experience investing across the global healthcare sector including more than 17 years of long/short experience. Mr. Summers started his investment career in 1998 at INVESCO Funds multibillion-dollarme co-portfolio manager of a multibillion dollar healthcare fund. In 2004, he founded Silvergate Capital Management LLC, a long/short healthcare hedge fund. He joined Janus Henderson Investors in 2008 and spent the following decade making investments across the global healthcare sector, including animal health and consumer health. Mr. Summers previously served on the board of directors of Scott’s Liquid Gold (OTC: SLGD).
Mr. Summers said, “I appreciate the constructive dialogue that we have had through the years as an Electromed shareholder, and I am excited to join the Board. I believe that Electromed is well positioned for continued growth and value creation, and I am confident that the Board and management team will work to deliver strong operational execution and enhance shareholder value.”
Andrew earned a bachelor’s degree in business administration from the University of Wisconsin-Whitewater and a master’s degree in finance from the University of Wisconsin-Madison. Andrew has held the Chartered Financial Analyst (CFA) designation since 2000.
About Electromed, Inc.
Electromed, Inc. manufactures, markets, and sells products that provide airway clearance therapy, including the SmartVest® Airway Clearance System, to patients with compromised pulmonary function. It is headquartered in New Prague, Minnesota, and was founded in 1992.
For more information, visit www.smartvest.com.
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