Full Press Release Details
Chairman of the Board
APPOINTS KATHLEEN SKARVAN AS CHIEF EXECUTIVE OFFICER OF ELECTROMED, INC.
New Prague, Minnesota - November 29, 2012 - The
Board of Directors of Electromed, Inc. announced today that Kathleen Skarvan has been appointed as the Company's Chief Executive
Officer, effective December 1, 2012. Ms. Skarvan succeeds Dr. James J. Cassidy, who has served as the Company's interim CEO
since May 2012. Dr. Cassidy will continue to serve as Chief Operating Officer of the Company.
"The Board of Directors is excited by the appointment of Kathleen
Skarvan as the Company's new CEO, and believes she brings a strategic vision to the Company that will increase shareholder
value over the long term," said Stephen H. Craney, Chairman of the Board of Directors. "Ms. Skarvan brings a wealth
of operational and executive experience to the position, including heading a public company division with annual revenues over
$300 million. The Board of Directors looks forward to working with Ms. Skarvan on implementing our goal of increasing revenues
and continuing Electromed's status as a leader in the airway clearance therapy market. The Board would also like to thank
Dr. Cassidy for his leadership as interim CEO and looks forward to continuing to work with him in his role as COO."
Ms. Skarvan has served as Vice President of Operations at OEM Fabricators
since November 2011. Prior to her position with OEM Fabricators, Ms. Skarvan served in various roles at Hutchinson Technology Incorporated,
most recently as the President of the Disk Drive Components Division from April 2007 until March 2011. Ms. Skarvan also served
as a Senior Vice President of Hutchinson Technology Incorporated from December 2010 to March 2011, and as Vice President of Sales
& Marketing of the Disk Drive Components Division from October 2003 until April 2007.
About Electromed, Inc.
founded in 1992 and headquartered in New Prague, Minnesota, manufactures, markets, and sells products that provide airway clearance
therapy, including the SmartVest Airway Clearance System and related products, to patients with compromised pulmonary
function. Further information about the Company can be found at www.Electromed.com.
Cautionary Statements
Certain statements found in this release may constitute forward-looking
statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect the speaker's
current views with respect to future events and financial performance and include any statement that does not directly relate to
a current or historical fact. The forward-looking statements in this release include those relating to the Company's future
growth. Forward-looking statements and the Company's expectations regarding gross margins, and can generally otherwise
be identified by the words "believe," "expect," "anticipate" or "intend" or similar
words. Forward-looking statements cannot be guaranteed and actual results may vary materially due to the uncertainties
and risks, known and unknown, associated with such statements. Examples of risks and uncertainties for Electromed include, but
are not limited to, the impact of emerging and existing competitors, the effectiveness of our sales and marketing initiatives,
changes to reimbursement programs, as well as other factors described from time to time in our reports to the Securities and
Exchange Commission (including our Annual Report on Form 10-K). Investors should not consider any list of such factors to be an
exhaustive statement of all of the risks, uncertainties or potentially inaccurate assumptions investors should take into account
when making investment decisions. Shareholders and other readers should not place undue reliance on "forward-looking statements,"
as such statements speak only as of the date of this release.