Abaxis Appoints Vernon Altman to Board of Directors
UNION CITY, Calif., May 2, 2011 /PRNewswire/ -- Abaxis, Inc. (NasdaqGS: ABAX), a medical products company manufacturing point-of-care blood analysis systems, today announced Vernon Altman has been appointed to the Company's Board of Directors, effective immediately. The addition of Mr. Altman brings to seven the number of members on the Abaxis board with six of those board members being independent.
Mr. Altman is Senior Advisor of Bain & Company, a leading global business consulting firm. He serves clients on issues of strategy, operations, technology, organization and mergers and acquisitions. Mr. Altman joined the founding group to start Bain in 1973.
Mr. Altman has experience in most important industries, with particular emphasis on telecommunications / Media / Technology; practices at Bain that he founded. He also founded Bain's Aerospace & Defense Practice and Full Potential Transformation Practice, which assists companies in transforming and achieving their full-potential. He also leads Bain's CEO Coaching Practice and formerly led its Partner Training Programs. Mr. Altman founded Bain's European, Japanese and U.S. West Coast practices and has broad experience in strategy development and implementation for U.S. and international corporations.
He is Chairman of the Board of Directors of Vobile, a company focused on content protection and monetization for media companies and other digital media stakeholders. He was also a Board Member of Napster prior to its acquisition by Best Buy.
Mr. Altman earned Bachelors and Masters degrees in Electrical Engineering from the Massachusetts Institute of Technology, and a Masters in Management from MIT's Sloan School.
Clint Severson, chairman and chief executive officer of Abaxis, commented, "We are pleased to have Vernon Altman join the Abaxis Board of Directors. Vernon has a vast array of experiences in many different industry segments that w