SAN DIEGO, Feb. 28, 2013 /PRNewswire/ -- BIOCOM today announced that Rick Fultz has been promoted to the position of Vice President of Business Development. In addition to Rick's current responsibilities as Managing Director of the BIOCOM Purchasing Group, he will manage BIOCOM membership and development initiatives as well as enhance the value proposition for potential members and sponsors.
Mr. Fultz's three year tenure with BIOCOM has yielded impressive results, supported by over 70% growth of the BIOCOM Purchasing Group since he took over the program in 2009. As one of the strongest cooperative group purchasing organizations in the nation, the BIOCOM Purchasing Group provides member companies volume-based discounts with more than 35 carefully-vetted suppliers, resulting in nearly $50 million in member savings annually. Prior to managing the Purchasing Group, Mr. Fultz has led for profit and non-profit sales and development efforts with similar success and has served as an Executive Director for a local non-profit.
"Rick's experience and understanding of all of the factors that define the value proposition of BIOCOM make him a vital resource for our team," said Joe Panetta, CEO of BIOCOM. "His leadership will translate into improved efficiencies between the BIOCOM Purchasing Group and BIOCOM which will benefit our organization and more importantly our members. With Rick's promotion, BIOCOM will continue to create an environment for growth and success for all members and support further development of emerging sectors within the life sciences community, such as biorenewables and connected health.
ABOUT BIOCOM: BIOCOM is the largest regional life science association in the world, representing more than 550 member companies in Southern California across all major life science sectors, including biotechnology, pharmaceutical, diagnostic, medical device, connected health, agriculture and biorenewables. The association focuses on initiatives that positively influence the region's life science community in the development and delivery of innovative products that improve health and quality of life. BIOCOM provides a tremendous range of initiatives and programs in public policy, capital access, group savings, professional network building and talent development. For more information on BIOCOM or the Southern California life science community, please click around our site (www.biocom.org) or call (858) 455-0300.