Sphere Medical Holding PLC (‘Sphere Medical’ or ‘Sphere’), the Cambridge (UK) based medical microsystems company, is pleased to announce that Mr Ian Paling has joined the Board as Non-Executive Director.
Mr Paling has extensive experience of working at senior executive levels within the medical devices sector. He was CEO of Corin Group PLC until the end of 2007, having been with the company through private ownership and then leading a highly successful IPO on the main market of the LSE in May 2002. Whilst at Corin, Mr Paling was instrumental in securing high profile distribution agreements, setting up profitable overseas subsidiaries and directing an acquisition strategy. Throughout his career he has been involved in manufacturing environments, predominantly in the life sciences sector, and will bring a wealth of business experience relevant to Sphere.
Dr. Stuart Hendry, CEO of Sphere Medical, said: “I am delighted that someone of Ian’s significant experience, reputation and successful track record in the medical device sector has joined the Board. I look forward to working closely with Ian over the coming months to successfully deliver Sphere’s next phase of growth.”
Dr. Anthony Martin, Non-Executive Chairman of Sphere Medical, said: “Ian brings us many years of medical devices experience and as we transition the Company from its current phase of technology development to commercialisation of these technologies, I know he will make an active contribution to the growth and success of Sphere Medical and ultimately to all of our stakeholders.”
Mr Ian Paling, Non-Executive Director said: “Sphere is an exciting business with some very interesting product technologies. Having worked in the devices sector for more than 15 years, I am very much looking forward to using my knowledge and experience to work with my colleagues on the Board of Sphere, in order to deliver long term shareholder value.”
For more information contact: Dr. Stuart Hendry, Chief Executive Officer +44 (0)1223 875222 www.spheremedical.com
Notes for editors: Sphere Medical is developing highly innovative monitoring products to provide clinical and economic benefits in the critical care environment, based on the company’s proprietary technology. The products allow minimally invasive, real time measurement of clinical chemistry parameters and therapeutic drug concentrations, giving healthcare professionals the information they require to more effectively manage therapy and optimise patient outcomes. Sphere Medical is a private company, founded in 2002 and based in Cambridge, UK. For further information please see www.spheremedical.com
