HAYWARD, Calif., May 1 /PRNewswire-FirstCall/ -- Thermage, Inc. , a leader in non-invasive tissue tightening in the aesthetic industry, today announced the nomination of Harold L. Covert, 60, Executive Vice President and Chief Financial Officer of Openwave Systems Inc. , for election to its Board of Directors at the 2007 Annual Stockholders’ Meeting, scheduled for July 11, 2007. Assuming his election at that time, the Company would also expect Mr. Covert to serve as Chairman of the Audit Committee. Mr. Covert would fill a vacancy left by Kenneth Ludlum, who intends to resign upon the 2007 Annual Stockholders’ Meeting, leaving the total number of directors on the Board at seven.
Mr. Covert has over 20 years of experience in senior financial management positions primarily in the technology industry. In his current position as CFO of Openwave, he oversees the company’s finance, information technology and corporate services functions. He has experience with rapidly growing companies as well as an understanding of current financial issues facing public corporations, including Sarbanes-Oxley compliance and corporate governance.
“We are delighted that Hal has agreed to be nominated to join our Board of Directors,” said Stephen J. Fanning, Chairman, President and Chief Executive Officer of Thermage. “Hal is a seasoned financial executive with an impressive track record of delivering consistent financial results and driving world class performance. His expertise would be invaluable as Thermage continues to expand its range of applications and procedures and grows its presence worldwide. I would also like to extend my sincere appreciation to Ken Ludlum, who plans to focus on his responsibilities as chief financial officer of ZONARE Medical Systems, Inc. Ken has made a valuable contribution to Thermage during his tenure on our Board.”
“I am very pleased to be nominated to join the Thermage Board at this exciting time, as the company moves forward to build its brand as one of the premier providers of solutions for non-invasive skin tightening,” said Mr. Covert. “I look forward to working with the Board and the management team to support the Company in its growth and vision.”
Mr. Covert joined Openware in 2005 as its Chief Financial Officer. He had previously served as an independent Director and Chairman of the Audit Committee of Openware since 2003. From 2003 to 2005, he was the Chief Financial Officer of Fortinet, Inc., a network security company. Mr. Covert served as the Chief Financial Officer of Extreme Networks for two years prior to joining Fortinet. He was Chief Financial Officer of Silicon Graphics from 2000 to 2001, adding the title of President in 2001. From 1998 to 2000, he served as Executive Vice President and Chief Financial Officer of Adobe Systems. Prior to Adobe, Mr. Covert held several senior financial management positions at Northern Telecom. Mr. Covert is on the Board of JDSU and serves as Chairman of the Audit Committee. He holds B.A. and M.B.A. degrees and is a Certified Public Accountant.
About Thermage, Inc.
Thermage’s innovative technology provides a unique non-invasive procedure designed to tighten and contour skin, significantly expanding the non-invasive aesthetic applications physicians can offer to the rapidly growing “anti-aging” market. For more information, call 1-510-259-7117 or visit www.thermage.com.
Thermage, Inc.
CONTACT: Douglas Sherk or Jenifer Kirtland, +1-415-896-6820, or media,Steve DiMattia or Jennifer Saunders, +1-646-201-5445, all of EVC Group,Inc., for Thermage, Inc.
Web site: http://www.thermage.com//
