AUSTIN, Texas, Apr 23, 2012 (BUSINESS WIRE) — LDR Holding, a privately held medical device company offering innovative spinal implants for both non-fusion and fusion applications, announced today the appointment of Robert E. McNamara as Chief Financial Officer, effective April 23, 2012. Mr. McNamara has held executive leadership positions with technology and medical device companies over the last two decades. As an experienced CFO, he has extensive corporate finance experience including the management of two successful Initial Public Offerings, numerous capital raises, and multiple merger and acquisition transactions in global market environments. He holds a Bachelor of Science from the University of San Francisco and a Masters of Business Administration from the Wharton School of Business at the University of Pennsylvania.
Christophe Lavigne, President and CEO, commented, “We are very happy that Bob is joining us during this important period in the growth of our company. He brings extensive private and public company experience which will be valuable to us as we manage our ongoing global expansion and position LDR for the next step in the evolution of the company.”
Remarking on LDR, Mr. McNamara stated, “It is a privilege to be joining LDR, one of the most innovative and fastest growing spine device companies. LDR offers an exceptional portfolio of segment leading technologies including the ROI-A(R) and ROI-C(R) stand-alone interbody cages featuring VerteBRIDGE(R) Plating Technology. And in addition, the Mobi-C(R) Cervical Artificial Disc, currently under review by the FDA for both one and two level indications, represents a substantial long-term U.S. market opportunity.”
Dennis Hynson, who previously held the position of CFO, will remain with the company as Senior Vice President Global Finance. Mr. Hynson will lead the worldwide finance team and manage the reporting of LDR’s global direct entities.
LDR was founded in 2000 by partners Christophe Lavigne, Herve Dinville and Patrick Richard in Troyes, France. Currently headquartered in Austin, TX, LDR has experienced rapid growth through product portfolio expansion and an increasingly global presence. LDR develops unique implantable spine devices and instrumentation designed to support the clinical goals of surgery while making procedures easier to perform. More information is located at www.ldrholding.com .
Caution: The Mobi-C Cervical Artificial Disc is not available for sale or use in the United States.
(C)2012 LDR Holding Corporation, All Rights Reserved
SOURCE: LDR Holding
