Monday, 30 January 2012 16:22

Cytori- its Board Members-past and present

First- some historical development-

Untill 2007 Cytori´s Board of Directors was more of an "good ol boys" club, although by SEC rules considered " pre-dominantly independent". The father-in-law of CEO Calhoun and Chairman of the Board, Marshall Cox "retired" in that year, meaning that the stock awards for BOD members could finally also be reduced to a "normal" level as happened with Management a few years earlier. In 2007 Ron Henriksen took over as Chairman, who is also founder, chairman and president of EndGenitor- a stem cell outfit.

Wouldnt it be nice if you are CEO of Ford and have a board seat at General Motors? At Cytori everything is possible. Anyway- things have improved substancially with Lloyd Dean joining in 2010 and taking over the Chairmanship medio 2011. Cytori seems to be less of an "good ol boy" club now and maybe even will become a real company, one of these fine days?  

Lloyd H. Dean -Chairman"lloyd dean

Lloyd H. Dean joined Cytori Therapeutics as a director in November 2010. Mr. Dean has served as the President/Chief Executive Officer and director of Catholic Healthcare West (CHW), the eighth largest healthcare systems in the United States, located in San Francisco, California, since 2000. Previously, Mr. Dean held positions as the executive vice president and chief operating officer of Advocate Health Care, and various management positions with the Upjohn Company. Mr. Dean is also chairman and director of California Health Association of USA, a director of Mercy Housing Inc., a director of Wells Fargo and chair of the board of directors of the Bay Area Council. He is a member of McKesson’s Advisory Board, the Health Research and Development Institute, San Francisco Mayor Gavin Newsom’s Universal Healthcare Council, Governor Schwarzenegger’s California Commission for Jobs and Economic Growth, and the San Francisco Committee on JOBS. Mr. Dean holds a Master’s Degree in education from Western Michigan University and also is a graduate of Pennsylvania State University’s Executive Management Program.

"Richard J. Hawkins- Direhawkinsctor

Richard J. Hawkins joined us as Director in December 2007. Since 2004, he has served as the Chairman and CEO of LabNow Inc., a diagnostic device company developing rapid, point-of-care, physician office-based diagnostic testing systems. Mr. Hawkins previously founded and guided the growth of Pharmaco, a clinical drug development services company where he served as Chairman, President, and Chief Executive Officer. He is a founder of id2, a pharmaceutical and biotechnology research management company, Sensus Drug Development Corp., a biotechnology company that was sold to Pfizer, and Covance Biotechnology Services, and served as Chairman of the Board for LoopOne, Inc., a shipping and logistics software company. In addition to his role as Chairman of the Board for LabNow Inc. Mr. Hawkins holds a B.S. in biology from Ohio University.

Paul W. Hawran- Director

Paul W. Hawran joined Cytori Therapeutics as Director in February 2005. Mr. Hawrahawrann has served as Chief Financial Officer of Sequenom, Inc., since April 2007. He previously served as Executive Vice President and Chief Financial Officer of Neurocrine Biosciences, Inc. starting in January 2001. Prior to that, he served as Senior Vice President and Chief Financial Officer of Neurocrine Biosciences, Inc. for five years and Vice President and Chief Financial Officer for three years prior. Mr. Hawran has also held executive management positions at SmithKline Beecham (now Glaxo SmithKline), most recently as Vice President and Treasurer. Prior to joining SmithKline (Beecham) in 1984, he held various financial positions at Warner Communications (now Time Warner) involving corporate finance, financial planning and domestic and international budgeting and forecasting. Mr. Hawran received a B.S. in finance from St. John's University and an M.S. in taxation from Seton Hall University. He is a certified public accountant and a member of the American Institute of Certified Public Accountants."

Tommy G. Thompson- Director

Tommy G. Tthompsonhompson joined us as a Director in April 2011. Mr. Thompson has been a partner in the law firm of Akin Gump Strauss Hauer & Feld since March 2005. He served as U.S Department of Health and Human Services Secretary from January 2001 to January 2005, and was Governor of Wisconsin from November 1986 to January 2001. Mr. Thompson has been Chairman of the Board of Logistics Health, Inc. since January 2011, having been President from February 2005 to January 2011. Mr. Thompson has served as a Director of C.R. Bard since August 2005; a Director of CareView Communications, Inc. since July 2005; a Director of Centene Corporation since April 2005 and a Director of United Therapeutics Corporation since February 2010. He also served as Chairman of the Board of AGA Medical Corporation from July 2005 to November 2010. He is a recipient of the prestigious Horatio Alger Award and has served as chairman of the National Governors’ Association, the Education Commission of the States, and the Midwestern Governors’ Conference. Mr. Thompson received both his B.S. and his J.D. from the University of Wisconsin-Madison and also served in the Wisconsin National Guard and the Army Reserve.

 

The other members of the Board

Are the remaining members of the old gang "the good ol boys", which just as management didnt get all that much accomplished and got very well rewarded for their "efforts".

To me- their "useful life" already is extended beyond normal proportions and they should be replaced by professionals, when the time is ripe for such a move.

Time will tell. 

Last modified on Monday, 22 February 2016 02:12

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