AtriCure Names B. Kristine Johnson Board Chair

Rhea-AI Summary

AtriCure, Inc. (Nasdaq: ATRC) has appointed B. Kristine Johnson as Board Chair. Scott Drake and Mark Lanning will not seek re-election in May 2021. Johnson, who has been on the board since 2017, is President of Affinity Capital Management and has extensive experience in the healthcare sector, including a 17-year career at Medtronic. Drake, who has served on AtriCure's Board since 2013, and Lanning, a board member since 2006, have both contributed significantly to the company's growth.

Positive

• Appointment of B. Kristine Johnson as Board Chair, bringing relevant healthcare experience.
• Continued strong leadership transition with experienced board members stepping up.
• Significant growth contributions from departing board members Scott Drake and Mark Lanning.

Negative

• None.

AtriCure, Inc. (Nasdaq: ATRC), a leading innovator in treatments for atrial fibrillation (Afib) and left atrial appendage (LAA) management, today announced that B. Kristine (Kris) Johnson has been named Board Chair. In addition, the Company announced that Scott Drake and Mark Lanning will not stand for re-election at the end of their terms in May 2021.

“Kris’ experience and counsel have been impactful to AtriCure over the past four years, and I’m delighted that she will be serving in this new capacity, particularly as the Company executes on its many upcoming catalysts,” said Mr. Drake, current Board Chair.

Ms. Johnson has served on the company’s Board since May of 2017. She is President of Affinity Capital Management, a venture capital firm that invests primarily in seed and early-stage health care companies in the United States. In addition, Ms. Johnson serves on the Boards of Directors for ClearPoint Neuro, Inc., formerly MRI Interventions, ViewRay, Inc. (Nasdaq: VRAY), the University of Minnesota Foundation Investment Advisors, and several private entities. Ms. Johnson was previously employed for 17 years at Medtronic plc, serving most recently as Senior Vice President and Chief Administrative Officer from 1998 to 1999. Her experience at Medtronic also includes service as President of the Vascular Business and President of the Tachyarrhythmia Management Business.

Mr. Drake, the President and CEO of ViewRay, Inc., has served on AtriCure’s Board since September of 2013, and has served as Board Chair since May of 2018. Mr. Lanning has served on the Board since February of 2006 and has served on and as the Chair of a variety of Committees during his tenure.

“I want to thank Scott for his service and leadership on the Board, along with his guidance for our business,” said Michael Carrel, President and Chief Executive Officer. “He has helped me and the rest of the management team in profound ways, and we have been very fortunate to have him on the Board of Directors for the past eight years. I also want to thank Mark for his time on the Board, beginning with some of the very early days at AtriCure. He has been a steady hand in helping the company through a period of significant growth, and his financial acumen and support have been invaluable to our Company.”

About AtriCure, Inc.

AtriCure, Inc. provides innovative technologies for the treatment of Afib and related conditions. Afib affects more than 33 million people worldwide. Electrophysiologists and cardiothoracic surgeons around the globe use AtriCure technologies for the treatment of Afib and reduction of Afib-related complications. AtriCure’s Isolator^® Synergy™ Ablation System is the first and only medical device to receive FDA approval for the treatment of persistent and long-standing persistent Afib. AtriCure’s AtriClip^® Left Atrial Appendage Exclusion System products are the most widely sold LAA management devices worldwide. For more information, visit AtriCure.com or follow us on Twitter @AtriCure.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210408005091/en/

FAQ

Who was appointed as the new Board Chair of AtriCure in 2021?

B. Kristine Johnson was appointed as the new Board Chair of AtriCure.

What is the stock symbol for AtriCure?

The stock symbol for AtriCure is ATRC.

When will Scott Drake and Mark Lanning leave AtriCure's Board?

Scott Drake and Mark Lanning will not seek re-election at the end of their terms in May 2021.

What is B. Kristine Johnson's professional background?

B. Kristine Johnson is the President of Affinity Capital Management and has extensive experience in healthcare, including a notable tenure at Medtronic.