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Darlene Deptula-Hicks brings more than 25 years of financial management experience in medical device and high technology industries to her position as Microline's Chief Financial Officer

Thu, 06/21/2012 - 11:44am
The Associated Press

BEVERLY, Mass.--(BUSINESS WIRE)--Jun 21, 2012-- Microline Surgical, Inc., a leading manufacturer of reposable instruments for minimally invasive surgery, today announced the appointment of Darlene Deptula-Hicks as the company's chief financial officer (CFO), effective June 18, 2012. In this role, Deptula-Hicks will oversee Microline's financial operations and work closely with the company's senior leadership team and board of directors to drive its continued growth in the global surgical marketplace.

"The addition of Darlene Deptula-Hicks to our senior leadership team with her deep experience and extensive business acumen will strengthen Microline's financial and operations management to support our aggressive growth strategies," said Microline CEO and Chairman Dr.

Jean-Luc Boulnois. "I am very pleased to welcome her as CFO and know Microline will benefit from the strengths she brings to this key position." Deptula-Hicks joins Microline from iCAD Inc., a publicly traded medical device company, where she served as executive vice president of Finance and chief financial officer and treasurer. Deptula-Hicks previously held CFO positions at ONI Medical Systems, Inc., a venture capital-backed designer and manufacturer of orthopedic diagnostic imaging systems, and Implant Services Corp., a publicly traded designer and manufacturer of radiation oncology, interventional oncology and orthopedic devices. She has also held various senior financial and accounting positions at Implant Sciences Corporation, Abiomed, Inc., GCA Corporation, Edwards High Vacuum International and Puritan Bennett Corporation.

"Darlene Deptula-Hicks' successful track record in managing the financial operations of both emerging and established medical device companies makes her an invaluable addition to our team," said Microline President and COO Sharad Joshi. "Her industry knowledge will support Microline's mission to deliver cost-effective, high-precision laparoscopic instrumentation to meet the growing global demand for minimally invasive procedures." Deptula-Hicks also serves on the board of directors and as chair of the Audit Committee of USfalcon, Inc., a privately held information technology and professional services company serving military, federal and commercial customers worldwide. She holds a BS degree in Accounting from Southern NH University and an MBA from Rivier College.

"I am very excited to be joining Microline and to have the opportunity to work with such an outstanding management team and to contribute directly to the strategic global growth of the company in this growing market for minimally invasive procedures," said Deptula-Hicks.

About Microline Surgical Headquartered in Beverly, Massachusetts, Microline Surgical, Inc. is a leading U.S. medical device manufacturer of high quality reposable surgical laparoscopic instruments with locations near Amsterdam, Paris, and Tokyo. Founded in 1987, Microline is a wholly owned subsidiary of HOYA Corporation (7741:TSE) in Tokyo, Japan, a $4.5 billion company with approximately half of its revenues from medical business including endoscopy and eye care. Microline's integrated modular laparoscopic instrumentation system consists of a selection of reusable handpieces that utilize a broad assortment of disposable tips for both Endomechanical and Energy based surgical procedures. This concept allows for surgical precision and cost effectiveness to be preserved at all times. The company's patented product portfolio comprises cutting, dissecting, grasping, cauterizing, tissue sealing and ligating instruments used in all laparoscopic surgical procedures.

For more information, visit www.microlinesurgical.com.

CONTACT: For Microline Surgical, Inc.

Kara Della Vecchia, 508-314-3127 kara@kdvcommunications.com KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS INDUSTRY KEYWORD: SURGERY HEALTH MEDICAL DEVICES MEDICAL SUPPLIES SOURCE: Microline Surgical, Inc.

Copyright Business Wire 2012 PUB: 06/21/2012 11:44 AM/DISC: 06/21/2012 11:44 AM http://www.businesswire.com/news/home/20120621006096/

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