Digitiliti Announces New Directors, One Year Form 10 Filing
May 21 2009 - 11:21AM
Business Wire
Digitiliti, Inc. (Pink Sheets:DIGI), announced the appointment
of two new members to the Board of Directors. Karen Giles Larson
and Kedar R. Belhe were appointed effective May 14, 2009. Ms.
Larson was also appointed Chair of the Audit Committee and Mr.
Belhe was appointed a member of the Compensation Committee.
Ms. Larson retired in 2007 after nearly 10 years as the
President and Chief Executive Officer of Synovis Life Technologies,
a publicly-held medical device company. Ms. Larson joined Synovis
(at the time called Bio-Vascular, Inc.) in 1989 as its Director of
Finance and Administration. She was promoted to the positions of
Vice President of Finance, Chief Financial Officer and Corporate
Secretary. Ms. Larson filled those capacities until July of 1997,
when she was named President and Chief Executive Officer. In August
of 1997, Ms. Larson was appointed to the Synovis Board of
Directors. She continues to serve as a Director of Synovis Life
Technologies.
During her tenure at Synovis, Ms. Larson developed and executed
a growth and diversification strategy which increased revenue from
$9.7M to $58M within five years. She built and mentored a strong
executive team resulting in 24 quarters of uninterrupted revenue
growth. Ms. Larson moved the Synovis stock listing from OTC market
to NASDAQ. Prior to joining Synovis, Ms. Larson was the Controller
at VEE Corporation; and previously, she was an accountant with the
firm of McGladrey, Hendrickson and Pullen (now called RSM
McGladrey). She earned a Bachelor of Arts Degree in Economics with
a minor in Chemistry from the University of Minnesota.
Mr. Belhe was Senior Director of Business Development at St.
Jude Medical, AF Division from 2004 to 2007 and again at the CV
Division from 2007 to 2008. St. Jude Medical is a $5B global
medical device company with over 20 operations and manufacturing
facilities worldwide. At the CV Division, Mr. Belhe was responsible
for mergers and acquisitions and technology licensing transactions.
He completed $260M of acquisitions in 2008. At the AF Division, he
was responsible for technology strategy planning of the newly
created division. He led several initiatives of technology
integration within the acquired businesses, as well as technology
partnerships with major external companies. Mr. Belhe was Senior
Director of Technology Development at St. Jude�s Daig Division from
1999 to 2004.
Mr. Belhe is currently founder and President of Metamod, a
medical device startup company focused on metabolic disorders. He
has strong functional expertise in technical, financial and
strategic assessment of high-technology value opportunities. He
earned a Bachelor of Science degree in Chemical Engineering from
the University of Bombay, India, and a PhD in Chemical Engineering
from Washington University in St. Louis. He also earned a Master of
Business Administration from Washington University in St.
Louis.
Ms. Larson and Mr. Belhe�s appointments strengthen the Board in
the areas of growth initiatives, business development, financial
management and investor relations.
Digitiliti also announced the posting on its web site of the
requirements for resales of its �restricted securities� with the
passage of one year from the filing of its Form 10 Registration
Statement. This information can be found at
http://www.digitiliti.com/digi_stock.
About Digitiliti, Inc.:
Digitiliti, based in St. Paul, Minnesota, is a pioneer and
technology leader in the on-line data management business.
Digitiliti�s fast growth results from its focus on providing
SMB/SME companies with enterprise class features and services that
are easy to use. Digitiliti services include comprehensive off-site
data protection, on-demand user scalability, rapid file restoration
and disaster recovery of data.
Forward Looking Statements:
This release may contain forward-looking statements. Actual
results may differ from those projected due to a number of risks
and uncertainties, including, but not limited to the possibility
that some or all of the pending matters and transactions considered
by the Company may not proceed as contemplated. These statements
are made based upon current expectations that are subject to risk
and uncertainty. The Company does not undertake to update
forward-looking statements in this news release to reflect actual
results, changes in assumptions or changes in other factors
affecting such forward-looking information. Further discussion of
risk factors can be found in the Company�s filings with the
Securities and Exchange Commission at http://www.sec.gov.
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