Omnicell Announces Departure Of CFO Dennis Wolf; Long-Time Sun Microsystems Financial Professional To Be Named Interim CFO
MOUNTAIN VIEW, Calif., Feb. 22 /PRNewswire-FirstCall/ -- Omnicell, Inc. today announced that Dennis P. Wolf will step down as executive vice president and chief financial officer, effective April 4, 2005. The company also is pleased to announce it has hired James T. Judson as vice president of finance, who will serve as interim CFO after Wolf's departure. Omnicell has commenced an aggressive nationwide search for Wolf's replacement, during which time both Wolf and Judson will assist in the new CFO search and ensure an orderly transition of responsibilities.
"Dennis was instrumental in assisting Omnicell in a difficult transition as a public company and achieving consistent growth during his tenure," said Omnicell Chairman, President and CEO Randall A. Lipps. "In January, we announced organizational changes that would more fully integrate our operational groups, but those changes also separated certain operational functions from Dennis' duties as an executive vice president and CFO. As a result, Dennis has decided to move on in his career, but we are grateful for his contributions and guidance and wish him success in his future endeavors."
Judson comes to Omnicell with over 20 years of financial management experience, most of it with Sun Microsystems, Inc. From 1998 to 2001, he served as vice president of finance and planning for Sun's worldwide operations group, and prior to that, held various senior director of finance and controller positions across the computer hardware, software and services giant. Jim earned an M.B.A. degree in finance from Indiana University and a B.S. degree in industrial management from Purdue University. Judson brings extensive experience in leading organizational strategic planning and establishing processes to improve operational excellence and predictability.
"I look forward to working with Jim and am confident that his experience and solid judgment will ensure a smooth transition for the company," added Lipps.
Established in 1992, Omnicell is a leading provider of patient safety solutions preferred by nurses. Improving patient care by enhancing operational efficiency, Omnicell solutions are used throughout the healthcare facility -- in the pharmacy, nursing units, surgical services, cath lab, and all the way to the patient's bedside. The company's MedGuard(TM) line of solutions for the medication-use process includes systems for physician order management, automated pharmacy retrieval, medication packaging, medication dispensing, and nursing workflow automation with bar code medication administration. For the medical-surgical supply chain, Omnicell's OptiFlex(TM) product line provides open bar code systems, cabinet-based supply management, integrated open and cabinet-based systems, and Web-based procurement. More than 1,500 healthcare facilities use Omnicell solutions to help reduce medication errors, operate more efficiently, and decrease costs -- ultimately contributing to improved clinical and financial outcomes. For more information, visit http://www.omnicell.com/.Omnicell
CONTACT: Bruce Lewis of Lewis & Summers Public Relations,+1-707-964-3844, or email@example.com, for Omnicell
Web site: http://www.omnicell.com/