Gary Fischetti nominated to join Conformis’ Board of Directors
Conformis (NASDAQ:CFMS) announces that Gary P. Fischetti is nominated for election to its Board of Directors, replacing retiring member Richard Meelia, at the upcoming Annual Meeting on May 4, 2022. CEO Mark Augusti praised Meelia's contributions while expressing enthusiasm for Fischetti's extensive orthopedic industry experience, including past leadership roles at Johnson & Johnson. Fischetti's appointment is expected to enhance Conformis’ strategic planning and commercial expertise in the orthopedic sector, positioning the company for future growth.
- Gary P. Fischetti's extensive experience in the orthopedic industry is expected to enhance Conformis' leadership.
- Fischetti's history at Johnson & Johnson adds valuable commercial and strategic planning expertise to the Board.
- Richard Meelia's retirement may lead to concerns regarding continuity on the Board.
- Potential experience gap could arise with the transition in leadership.
BILLERICA, Mass., March 11, 2022 (GLOBE NEWSWIRE) -- Conformis, Inc. (NASDAQ:CFMS), announced today that Gary P. Fischetti has been nominated to stand for election to the Company’s Board of Directors at the Company’s 2022 Annual Meeting of Stockholders, scheduled to be held on May 4, 2022. Mr. Fischetti will replace Richard Meelia, who will be retiring from the Board immediately prior to the Annual Meeting.
Mark Augusti, Chief Executive Officer of Conformis, said: “On behalf of everyone at Conformis, I want to thank Rich Meelia for his leadership and service to our Board over the past seven years. We have benefitted a great deal from his experience and perspective. We wish him every success in his future endeavors. At the same time, we are excited about the opportunity to have someone with Gary Fischetti’s orthopedic industry experience serve as part of our Board of Directors. I believe that his deep commercial experience in the orthopedics industry, combined with his strategic planning and organizational skills will be a great asset for Conformis.”
Mr. Fischetti currently serves as the Chairman of the Board for Orchid Orthopedic Solutions and as a member of the Board at Extremity Medical. He was previously employed for 35 years at Johnson & Johnson (including at its DePuy Synthes orthopedic subsidiaries), where he served in positions of increasing responsibility in multiple businesses, with both domestic and worldwide responsibilities. This included serving as the Company Group Chairman – NA Medical Devices for Johnson & Johnson’s medical device business. He previously also served as the WW Company Group Chairman for the family of DePuy Synthes companies, which included the Joint Reconstruction, Spine, Trauma, CMF, and Powertools businesses. Prior to that he served as the WW Company Group Chairman for all the DePuy Orthopaedic businesses and the Codman franchise, and as the Worldwide President of DePuy Spine. Mr. Fischetti has a BSBA degree in finance from Villanova University and an M.B.A. from Rutgers University.
About Conformis, Inc.
Conformis is a medical technology company focused on advancing orthopedic patient care and creating a world without joint pain. Its product portfolio is designed to maximize surgeon and patient choice by offering fully personalized solutions through its Image-to-Implant® Platinum Services℠ Program as well as data-informed, standardized solutions that combine many benefits of personalization with the convenience and flexibility of an off-the-shelf system. Conformis’ sterile, just-in-time, Surgery-in-a-Box™ delivery system is available with all of its implants and personalized, single-use instruments. Conformis owns or exclusively in-licenses issued patents and pending patent applications that cover personalized implants and patient-specific instrumentation for all major joints.
For more information, visit www.conformis.com. To receive future releases in e-mail alerts, sign up at http://ir.conformis.com/.
Cautionary Statement Regarding Forward-Looking Statements
Statements in this press release about our future expectations, plans and prospects, including statements about the anticipated timing of our product launches, and our financial position and results, total revenue, product revenue, gross margin, operations and growth, as well as other statements containing the words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "project," "should," "target," "will," or "would" and similar expressions, constitute forward-looking statements within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. We may not actually achieve the forecasts disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual financial results could differ materially from the projections disclosed in the forward-looking statements we make as a result of a variety of risks and uncertainties, including risks related to our estimates and expectations regarding our revenue, gross margin, expenses, revenue growth and other results of operations, and the other risks and uncertainties described in the "Risk Factors" sections of our public filings with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent our views as of the date hereof. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date hereof.
CONTACT:
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