Mazor Robotics Ltd. Expands Leadership Organization
June 19 2017 - 4:30AM
Business Wire
Mazor Robotics Ltd. (TASE: MZOR;
NASDAQGM: MZOR), a pioneer and leader in the field of surgical
guidance systems, today announced leadership additions and
organizational steps to position the company for its next phase of
growth.
According to Mr. Ori Hadomi, CEO of Mazor Robotics Ltd., “In
2016, we announced and set in motion a plan to accelerate growth
with the signing of strategic agreements and the launch of the
transformative Mazor X platform. The new hires complement the
capabilities of the existing team, positioning Mazor for additional
growth opportunities as well as leading our more than 200
employees. I believe that our expanded leadership team maximizes
Mazor’s near and long term potential.”
The Company has formed an integrated Product Development Group
combining the current R&D and Product groups into a unified
department. The newly formed Product Development group creates
operational synergy to address market needs and to continue
development of innovative spine products and future product
enhancements. The department is to be headed by Oren Zarchin, Ph.D.
who joins Mazor in the role of Vice President, Product Development.
Dr. Zarchin’s most recent position was as Director at Philips
Healthcare leading multi-disciplinary R&D teams and product
platforms. This change is effective August 1, 2017.
In addition, Mazor has established the Advanced Technology Group
and Mr. Eli Zehavi is appointed Executive Vice President of
Advanced Technologies. Mr. Zehavi is a co-founder of Mazor and has
served as the company’s Executive Vice President, Research and
Development and Chief Operating Officer, since the company’s
founding. The Advanced Technology Group is expected to leverage
Mazor’s vast experience and expertise in software and precision
guidance to develop non-spine patient focused innovations. This
change is effective August 1, 2017.
Mazor has also created a new position, Vice President of
Operations and Service, and recruited Mr. Joshua Belkar, an
industry veteran with more than 20 years of experience in the
medical device industry including a long tenure at Medtronic (Given
Imaging) as Director of Operations. Mr. Belkar’s experience
implementing and leading operations processes that directly impact
quality will contribute to the increase in effective production as
demand for Mazor systems and products rises. He will also lead the
effort to expand and solidify Mazor’s first tier global service
organization with a strong emphasis on global responsiveness and
customer satisfaction. This change is effective July 16, 2017.
The Company also announced expanded roles and responsibilities
for Ms. Sharon Levita, Chief Financial Officer and Mr. Christopher
Prentice, CEO of Mazor Inc. (US Subsidiary). Ms. Levita, in
addition to her CFO responsibilities has been named CFO & Vice
President, Business Operations, and is overseeing a finance and
additional business teams that provides enabling services to the
corporation. Mr. Prentice has been named Chief Commercial Officer,
consolidating the global commercial activity of the Company. These
two changes are effective immediately.
About Mazor
Mazor Robotics (TASE: MZOR; NASDAQGM: MZOR) believes in healing
through innovation by developing and introducing revolutionary
technologies and products aimed at redefining the gold standard of
quality care. Mazor Robotics Guidance Systems enable surgeons to
conduct spine and brain procedures in an accurate and secure
manner. For more information, please visit MazorRobotics.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
and other securities laws. Any statements in this release about
future expectations, plans or prospects for the Company, including
without limitation, statements regarding the anticipated benefits
and impact of the Company’s organizational steps and new hires, the
Company’s growth prospects, and other statements containing the
words “believes,” “anticipates,” “plans,” “expects,” “will” and
similar expressions are forward-looking statements. These
statements are only predictions based on Mazor's current
expectations and projections about future events. There are
important factors that could cause Mazor's actual results, level of
activity, performance or achievements to differ materially from the
results, level of activity, performance or achievements expressed
or implied by the forward-looking statements. Those factors
include, but are not limited to, the impact of general economic
conditions, competitive products, product demand and market
acceptance risks, reliance on key strategic alliances, fluctuations
in operating results, and other factors indicated in Mazor's
filings with the Securities and Exchange Commission (SEC) including
those discussed under the heading "Risk Factors" in Mazor’s annual
report on Form 20-F filed with the SEC on May 1, 2017 and in
subsequent filings with the SEC. For more details, refer to Mazor's
SEC filings. Mazor undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or to changes in our expectations, except as may
be required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20170619005443/en/
U.S. Contacts:EVC GroupInvestorsMichael Polyviou,
212-850-6020mpolyviou@evcgroup.comorDoug Sherk,
646-445-4800dsherk@evcgroup.comorFinancial Media ContactTom Gibson,
201-476-0322tom@tomgibsoncommunications.com
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