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Monteris® Medical Announces Appointment of Greg Barrett as Board Chairman

Mon, 12/17/2012 - 7:00am
The Associated Press

PLYMOUTH, Minn.--(BUSINESS WIRE)--Dec 17, 2012--Monteris Medical Inc. (Monteris) announced today that Greg Barrett will assume the position of Chairman of the company’s Board of Directors, effective January 1 st, 2013. Mr. Barrett joined Monteris’ Board in September 2012 and replaces Kevin McGarry, who will stay on as a Director. Mr. Barrett brings over 35 years of Medical Device industry experience to this position. He was most recently the President and CEO of BÂRRX Medical, a GI device company which was acquired earlier this year by Covidien. He has held senior management positions with Boston Scientific, CR Bard, Baxter, Orthofix and ACMI. He is currently on the Board of Directors for Barosense Inc. and Cutera Inc.

“I am delighted that Greg decided to join Monteris’ Board and am even more excited about his elevation to the Chairman’s role,” says John Schellhorn, President & Chief Executive Officer of Monteris. “I can say with conviction that few executives I have worked with combine his strategic vision and demonstrated ability to build market and investor value. His experience will be invaluable to our Board as Monteris establishes the Neuroblate System® as a front-line treatment option for patients with brain tumors and related lesions.” “I am honored to take the Chairman’s role at Monteris., and join the rest of the Board in thanking Kevin McGarry for his insights and guidance while he served the company in this role. I have known and worked with John Schellhorn for much of the past 20 years. John and I have achieved some very positive results together. I share his excitement about the NeuroBlate System® technology and its potential to change the way many brain tumors are treated.” “Greg is a strong leader, who offers keen insights into how new medical device technologies gain acceptance in an emerging market. This experience will be very important to our Board as we continue to support management’s ongoing NeuroBlate System commercialization efforts,” added Kevin McGarry.

About Monteris Medical Monteris Medical is a privately held medical device company dedicated to the development of innovative MRI guided laser-based cancer treatments. Monteris Medical markets the NeuroBlate System®, a neurosurgical ablation device providing controlled thermal therapy for brain tumors. Monteris also offers the AXiiiS® Stereotactic Miniframe; a single use platform for image-guided, stereotactic brain biopsy; and the AtamA™ Headcoil and Stabilization System for MRI-guided neurosurgical procedures.

www.monteris.com

CONTACT: Monteris Medical Inc.

John Schellhorn, 763-253-4710 President & Chief Executive Officer KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES ONCOLOGY SOURCE: Monteris Medical Inc. Copyright Business Wire 2012 PUB: 12/17/2012 07:00 AM/DISC: 12/17/2012 07:00 AM http://www.businesswire.com/news/home/20121217005317/

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