Recent Updates
Recently added Catalysts
ATRC Positive Sentiment Score: 85/100

AtriCure Appoints Shlomi Nachman to the Board of Directors

Key Takeaway: AtriCure, Inc. has appointed Shlomi Nachman to its Board of Directors, signaling a strategic move towards leveraging his extensive experience in the medical device industry. Nachman previously held senior roles at Johnson & Johnson and brings over 25 years of knowledge, particularly in the atrial fibrillation market. He expressed enthusiasm about AtriCure's potential for growth and the untapped opportunities within the Afib treatment sector. CEO Michael Carrel emphasized that Nachman's expertise will be crucial as the company aims to address the needs of an underserved patient population.

Market Sentiment Analysis

POSITIVE FACTORS

  • Shlomi Nachman's extensive experience in the medical device industry is seen as an asset.
  • The company foresees an abundance of untapped opportunities in the Afib treatment market.
  • Mr. Nachman expresses confidence in AtriCure's leadership position and potential for growth.

Full Press Release Details

AtriCure Appoints Shlomi Nachman to the Board of Directors
MASON, Ohio, January 4, 2024-AtriCure, Inc. (Nasdaq ATRC), a leading innovator in surgical treatments and therapies for atrial fibrillation (Afib), left atrial appendage (LAA) management and post-operative pain management, today announced it appointed Shlomi Nachman to its Board of Directors. Mr. Nachman's long and distinguished career in the medical device industry has placed him at the forefront of new market development and growth, serving most recently as Company Group Chairman within Johnson Johnson's Medical Devices business.
Mr. Nachman has over 25 years of experience in the medical device industry and is currently on the board of several private medical device companies, as well as the Arnold and Mable Beckman Foundation, a foundation focused on supporting research in chemistry and life sciences. Previously, he held senior operating roles at Johnson Johnson, where he was the Company Group Chairman of Cardiovascular and Specialty Solutions and Vision Groups within Johnson Johnson's Medical Devices business. He was a member of the Medical Devices Group Operating Committee and led a diverse portfolio of six medical device businesses including Electrophysiology, Neurovascular Intervention, Ear, Nose Throat, Breast Aesthetics, Optometry and Ophthalmology. Prior to that, Mr. Nachman served in various roles with increased scope and responsibilities, including Worldwide President of Biosense Webster and Cordis.
"I am thrilled to be joining the AtriCure Board during this exciting time of accelerating growth and profitability," said Mr. Nachman. "I have had a front-row seat in witnessing the incredible growth of the Afib treatment market. That said, there is an abundance of untapped opportunity and AtriCure is at the forefront of treating a segment of the market that includes patients who are significantly underserved. I have done extensive diligence on the company's business, prospects, and end user markets, and believe them to be significantly underpenetrated. During my time at Biosense Webster, I got to know the unique challenges that clinicians face in treating long-standing persistent Afib, for patients both with and without underlying structural heart disease. The unique combination of world-class products, and a foundation of clinical science to support safety and efficacy, has the company poised to continue its leadership position and execute on a long runway of growth."
"I am thrilled that Shlomi has joined the Board of Directors," said Michael Carrel, President and CEO of AtriCure. "He is one of the most well-respected leaders in the medical device space, having led Johnson Johnson's medical device business through a period of unprecedented growth. His experience in the Afib market will be invaluable as we continue our mission of healing the lives of those affected by this global epidemic."
Forward-Looking Statements
This press release contains "forward-looking statements"- that is, statements related to future events that by their nature address matters that are uncertain. Actual results could differ materially. For details on the uncertainties that may cause our actual results to be materially different than those expressed in our forward-looking statements, visit http www.atricure.com forward-looking-statements as well as our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q which contain risk factors. We assume no obligation to update any forward-looking statements contained in this release as a result of new information or future events or developments, except as may be required by law.
Chief Financial Officer
awirick atricure.com
Valerie Storch-Willhaus
Vice President, Corporate Marketing Communications
vstorch-willhaus atricure.com

Frequently Asked Questions

Who has been appointed to AtriCure's Board of Directors?

Shlomi Nachman has been appointed to AtriCure's Board of Directors.

What is Shlomi Nachman's experience in the medical device industry?

He has over 25 years of experience in the medical device industry.

What did Shlomi Nachman say about joining AtriCure?

He expressed excitement about AtriCure's growth and untapped market opportunities.

What is AtriCure focused on?

AtriCure specializes in treatments for atrial fibrillation and pain management.

Why is Shlomi Nachman's experience valuable to AtriCure?

His experience in the Afib market will support AtriCure's mission and growth.

Last updated: Jan 4, 2024