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Avanos Medical, Inc. Appoints Dr. Lisa Egbuonu-Davis to Board of Directors

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Avanos Medical, Inc. (NYSE: AVNS) announced the appointment of Dr. Lisa Egbuonu-Davis as an independent member of its board of directors, effective March 6, 2023. Egbuonu-Davis, who previously held senior roles at Sanofi and co-founded ROI Squared, brings extensive experience in healthcare strategy and operations. Avanos board chair Gary Blackford expressed optimism about her contributions to the company’s mission of providing innovative healthcare solutions, particularly in reducing opioid use. With Egbuonu-Davis's addition, the board now has six directors, including five independents and two women.

Positive
  • Egbuonu-Davis's extensive experience in healthcare and strategic roles may enhance board effectiveness.
  • The appointment adds diversity to the board, with now five independent directors, including two women.
Negative
  • None.

ALPHARETTA, Ga., March 6, 2023 /PRNewswire/ -- Avanos Medical, Inc. (NYSE: AVNS) today announced that Dr. Lisa Egbuonu-Davis, currently vice president, medical innovations, for DH Diagnostics, LLC, an affiliate of Danaher Corporation, has been appointed as a new independent member of the Avanos board of directors and will serve as a member of the compliance and governance committees.

"We are pleased and excited to welcome Lisa Egbuonu-Davis to the Avanos board," commented Gary Blackford, Avanos board chair. "Her deep strategic and operational expertise in the healthcare sector will be invaluable to Avanos as we continue to develop our business and pursue our mission to get patients back to the things that matter."

"I feel strongly that population health is everyone's responsibility, and Avanos is committed to creating innovative healthcare solutions to address some of today's most important healthcare needs, including reducing the use of opioids," said Egbuonu-Davis. "I am thrilled to join its board as a new independent director."

From 2015 to 2019, Egbuonu-Davis served as vice president, global patient centered outcomes and solutions, at Sanofi, Inc., where she created patient programs, services, and tools to enhance health outcomes in patients with chronic conditions.

Prior to Sanofi, Egbuonu-Davis co-founded and served as director for ROI Squared, LLC, a privately held life science company focused on diagnostic medical devices, and served as managing director for LED Enterprise, LLC, where she advised biopharmaceutical companies and trade associations on healthcare reform, technology assessment, quality metrics, and incentives and implications for research and services.

She also served in senior advisor roles for Avalere Health and Booz Allen Hamilton, as well as in various roles over 13 years at Pfizer, Inc., where she led clinical and outcomes research departments, supported product value assessments in support of reimbursement and adoption, and influenced product investment and development decisions.

Egbuonu-Davis earned a bachelor's degree in biology from MIT and an MBA in healthcare management from Wharton, as well as an M.D. and an M.S. in public health from Johns Hopkins. She completed her pediatric residency at Children's Hospital of Philadelphia (board-certified in pediatrics). She has served on the Johns Hopkins Medicine board of trustees since 2021 and the national advisory council for the Johns Hopkins University School of Education since 2007.

With this new appointment, the Avanos board now comprises six directors, five of whom are independent, including two women, one of whom is ethnically diverse.

About Avanos Medical, Inc.

Avanos Medical, Inc. (NYSE: AVNS) is a medical technology company focused on delivering clinically superior medical device solutions that will help patients get back to the things that matter. Headquartered in Alpharetta, Georgia, we are committed to addressing some of today's most important healthcare needs, including providing a vital lifeline for nutrition to patients from hospital to home, and reducing the use of opioids while helping patients move from surgery to recovery. We develop, manufacture and market our recognized brands globally and hold leading market positions in multiple categories across our portfolio. For more information, visit Avanos.com and follow Avanos Medical on Twitter (@AvanosMedical), LinkedIn and Facebook.

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SOURCE Avanos Medical, Inc.

FAQ

Who is Dr. Lisa Egbuonu-Davis?

Dr. Lisa Egbuonu-Davis is the newly appointed independent member of Avanos Medical's board of directors, bringing extensive healthcare expertise.

When was Dr. Egbuonu-Davis appointed to the Avanos board?

Dr. Egbuonu-Davis was appointed to the Avanos board on March 6, 2023.

What does Dr. Egbuonu-Davis's appointment mean for Avanos Medical?

Her appointment is expected to enhance strategic guidance and operational oversight for Avanos Medical.

How many members are on the Avanos Medical board?

The Avanos Medical board now consists of six directors, five of whom are independent.

Avanos Medical, Inc.

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