SonoSite Announces Chief Financial Officer Mike Schuh to Retire at the End of the Year; Marcus Smith Named New CFO
August 10 2010 - 4:30PM
Business Wire
SonoSite, Inc. (NASDAQ:SONO), the world leader and
specialist in bedside ultrasound for the point-of-care, today
announced the retirement of Mike Schuh as Chief Financial Officer.
Marcus Smith has been appointed as Senior Vice President and Chief
Financial Officer and will replace Mr. Schuh as he retires from his
position.
“I’m incredibly fortunate to have worked with such a visionary
company and dedicated leadership team over the last ten years,”
said Mike Schuh. “SonoSite is truly transforming medicine and will
continue to make significant contributions to the healthcare
industry with its innovative technology and passionate culture that
is focused on improving medicine.”
“I want to thank Mike for his many contributions and ten years
of dedication, hard work, and excellent service,” said Kevin M.
Goodwin, SonoSite’s President and CEO. “Mike has been instrumental
in establishing a successful financial infrastructure and serving
as a trusted advisor. We wish him the best of luck in
retirement.”
A key member of SonoSite’s executive team, Mr. Smith joined the
company in 2007 as Vice President of Corporate Strategy and Growth
Planning. He has since led the successful acquisition of SonoSite’s
primary care business while he served as SonoSite’s Vice President
and General Manager of Cardiovascular Disease Management.
Prior to joining SonoSite, Mr. Smith was the Senior Director of
Strategy and Business Development at Philips Medical Systems where
he focused on patient monitoring and cardiac care. He began his
career at Xerox Corporation in sales. Prior to joining Philips, he
was a Vice President in investment banking at J.P. Morgan. Mr.
Smith received his bachelor's degree from Duke University and
masters’ degrees in business administration and international
affairs from Columbia University.
Mr. Goodwin commented, “Marcus has made a significant
contribution to SonoSite over the last three years and he is poised
to take his game to the next level. His broad business experience
will be an asset in the further development and growth of
SonoSite.”
Mr. Smith’s appointment to Senior Vice President and Chief
Financial Officer will become effective as of August 10th, 2010.
Mr. Schuh intends to remain with the company up to the end of the
year to ensure a smooth and orderly transition process.
About SonoSite
SonoSite, Inc. (www.sonosite.com) is the innovator and world
leader in bedside and point-of-care ultrasound and an industry
leader in ultra high-frequency micro-ultrasound technology and
impedance cardiography equipment. Headquartered near Seattle, the
company is represented by fourteen subsidiaries and a global
distribution network in over 100 countries. SonoSite’s small,
lightweight systems are expanding the use of ultrasound across the
clinical spectrum by cost-effectively bringing high-performance
ultrasound to the point of patient care.
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