– USA, CA – Intersect ENT, Inc. (NASDAQ: XENT), a company dedicated to improving the quality of life for patients with ear, nose and throat conditions, today announced the appointment of Kieran T. Gallahue and W. Anthony Vernon to the company’s board of directors. Mr. Gallahue will serve as lead director and a member of the audit committee and Mr. Vernon will serve as chair of the nominating and corporate governance committee. Additionally, current director Casper de Clerq from Norwest Venture Partners has informed the board of directors that he will not seek re-election at the annual stockholder meeting in June.
“We are thrilled to welcome Kieran and Tony to our board,” commented Lisa Earnhardt, president and CEO of Intersect ENT. “Kieran has served as CEO of two leading public medical technology companies focused on improving healthcare outcomes. He has also been a long-time advocate of the value of medical technology. Tony’s breadth and depth of experiences at a leading consumer products company combined with his successful career at J&J is unparalleled. We look forward to partnering with them as we further our mission of improving the quality of life of patients with ear, nose and throat conditions.”
Kieran Gallahue most recently served as chairman and CEO of CareFusion (NYSE: CFN), a leader in medication management and patient safety solutions, until its sale in March. Previously, he served in executive roles at multiple healthcare companies including CEO of ResMed (NYSE: RMD), a medical device company serving the sleep disordered breathing and respiratory markets. In addition to Intersect ENT, Mr. Gallahue serves on the board of Edwards Lifesciences (NYSE: ED), a leader in cardiovascular devices, and previously served on the board of Volcano Corporation (NASDAQ: VOLC), a developer of technology for interventional cardiology. Mr. Gallahue holds a bachelor’s degree in economics from Rutgers University and an MBA from Harvard Business School.
Tony Vernon recently retired as CEO of Kraft Foods Group, Inc. (NASDAQ: KRFT). Earlier in his career, he spent 23 years at Johnson & Johnson, serving as Company Group Chairman of DePuy Orthopedics, president of Centocor, president of McNeil Consumer Products and McNeil Nutritionals, and worldwide president of the Johnson & Johnson–Merck Joint Venture. In addition to Intersect ENT, he currently serves on the boards of Kraft, Medivation (NASDAQ: MDVN), and Novocure. Mr. Vernon received a bachelor’s degree in history from Lawrence University and an MBA from the Kellogg School of Management at Northwestern University.
“Casper has been an outstanding board member and we thank him for his service through a period of exceptional growth as well as our transition to a public company,” said Lisa Earnhardt. “Throughout his career, Casper has successfully delivered value through innovation in healthcare and we wish him and the Norwest team continued success.”
About Intersect ENT
Intersect ENT, Inc. is dedicated to improving the quality of life for patients with ear, nose and throat conditions. The company markets two steroid releasing implants, PROPEL and PROPEL mini, clinically proven to improve surgical outcomes for patients with chronic sinusitis undergoing ethmoid sinus surgery. In addition, Intersect ENT is developing new steroid releasing implants designed to provide ENT physicians with even more customized options to treat patients with chronic sinusitis less invasively and more cost effectively. Chronic sinusitis is an inflammatory condition leading to debilitating symptoms and chronic infections, and is one of the most costly conditions to U.S. employers.
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