VANCOUVER, Aug. 21 /PRNewswire-FirstCall/ - CRH Medical Corporation announced today that Mr. Edward Wright has accepted the position of Chief Executive Officer of the Company. Mr. Wright, who will also join the Company’s Board of Directors, replaces Mr. Marc Morin, who has been CEO of CRH since the inception of its predecessor company. Mr. Wright will commence his duties at CRH Medical on September 18, 2006.
Mr. Wright joins CRH Medical from Cartier North America were he held the post of Executive Vice President of Retail for North America. While at Cartier, Mr. Wright was responsible for the development and operations of the entire North American retail division, including implementation of strategic goals, supervision of retail development, and ensuring successful achievement of Cartier’s retail objectives for the North American market segment. Mr. Wright oversaw 34 locations, 180 employees and sales of approximately US$300 million.
“I view this move as a significant opportunity for myself and my family, as well as the shareholders of CRH Medical. Throughout my career I have enjoyed success as a result of building strong teams, clearly defining strategic goals for growth and then achieving those goals. I look forward to putting the infrastructure in place to position CRH Medical as one of the preeminent colorectal health providers in North America, thereby taking advantage of the new trend in the delivery of specialized healthcare via out-patient retail clinics,” said Mr. Wright.
Commenting on the appointment of Edward Wright, Dr. Tony Holler, Chairman of the Board of CRH Medical said, “Marc Morin approached me several months ago and expressed his view that it was now time for him to step aside in favor of a Chief Executive Officer who had an operational background. In Edward Wright, we have hired a seasoned executive with a wealth of operational and marketing experience who has been extremely successful. He is a proven leader and his hire is a major step in realizing our goal of establishing our Centers for Colorectal Health as a well known, major brand associated with the delivery of specialized colorectal health care across the United States. I have known Edward for 10 years and have followed his career closely. I am delighted to have a senior executive of his caliber driving our marketing strategy and moving this business forward. At this time I would like to recognize and thank Marc Morin, founder and CEO, for his service and dedication.”
About CRH Medical Corporation:
CRH Medical Corporation has developed and is marketing through the establishment of Centers for Colorectal Health, the first single use, patented, disposable, hemorrhoid banding system. CRH Medical has begun to open Centers for Colorectal Health in the United States, specializing in the treatment of hemorrhoids and fissures and in colon cancer screening. The Company’s goal is to become the preeminent resource on colorectal health for consumers and medical professionals in North America.
The information in this news release contains so-called “forward-looking” statements. These include statements regarding CRH Medical expectations, beliefs, intentions or strategies for the future, which may be indicated by words or phrases such as “anticipate”, “expect”, “intend”, “plan”, “will”, “we believe”, “CRH Medical believes”, “management believes” and similar language. All forward-looking statements are based on CRH Medical current expectations and are subject to risks and uncertainties and to assumptions made.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
CONTACT: visit the Company’s website at www.crhmedcorp.com or the SEDAR website at www.sedar.com or email us at ir@crhmedcorp.com; Investor Contact: Dean Linden, (604) 633-1440
CRH Medical Corporation
CONTACT: visit the Company’s website at www.crhmedcorp.com or the SEDARwebsite at www.sedar.com or email us at ir@crhmedcorp.com; InvestorContact: Dean Linden, (604) 633-1440
