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MIMEDX Announces Chief Financial Officer Transition Executive Search Underway MARIETTA, Ga.

Key Takeaway: MiMedx Group, Inc. announced the departure of Chief Financial Officer Peter M. Carlson, who is leaving for other opportunities. The company is currently conducting a search for his successor, and Carlson will assist in ensuring a smooth transition. Over his three-year tenure, Carlson contributed significantly to the company's financial stability, including efforts to raise debt and equity. MiMedx continues to focus on advancing its products and pipeline in placental biologics and other healthcare sectors.

Market Sentiment Analysis

POSITIVE FACTORS

  • Transition indicates a strategic decision for future growth.
  • The outgoing CFO has substantially strengthened financial systems.
  • Ongoing leadership transition may lead to new opportunities.
  • Company is on sound footing due to past leadership.

Full Press Release Details

MIMEDX Announces Chief Financial Officer Transition
Executive Search Underway
March 23, 2023 MiMedx Group, Inc. (Nasdaq: MDXG) ( MIMEDX or the Company ), a pioneer and leader in placental biologics, today announced that Peter M. Carlson, Chief Financial Officer, has decided to leave the
Company to pursue other opportunities. The Company has initiated a search for its next Chief Financial Officer and Mr. Carlson will be assisting MIMEDX throughout this process to ensure a smooth transition.
In the three years Pete has been with MIMEDX, he has played a critical role bringing excellence to our finance and accounting functions, stated
Joseph H. Capper, MIMEDX Chief Executive Officer. As a result of his leadership, we are on sound footing. More specifically, Pete helped the Company raise debt and equity to strengthen the Company s financial position, successfully led
MIMEDX out of a de-listing, enhanced our internal controls and was the architect of our new segment reporting. We are extremely appreciative of Pete s contributions and accomplishments and wish him our
sincere best in his future endeavors.
MIMEDX has been truly transformed over the last few years. I am proud to have been a part of the
process to stabilize and strengthen the Company and feel privileged to have represented such wonderful technology, stated Mr. Carlson. I look forward to watching MIMEDX continue to grow and prosper, as my colleagues build on the
is a pioneer and leader in placental biologics, developing and distributing placental tissue allografts to help address unmet clinical needs in multiple sectors of healthcare, including the Advanced Wound Care market as well as in surgical recovery
settings. MIMEDX is also focused on advancing a promising late-stage pipeline opportunity targeted at decreasing pain and improving function for patients with knee osteoarthritis. Our products are derived from human placental tissues and processed
using our proprietary methods, including the Company s own PURION process. We employ Current Good Tissue Practices,
Current Good Manufacturing Practices, and terminal sterilization to produce our allografts. MIMEDX has supplied over two million allografts, through both direct and consignment shipments. For additional information, please visit

Frequently Asked Questions

Who is the new CFO of MiMedx?

Peter M. Carlson has decided to leave MiMedx to pursue other opportunities.

What has Peter M. Carlson contributed to MiMedx?

He enhanced finance functions, raised funds, and led the company away from de-listing.

What products does MiMedx develop?

MiMedx develops placental tissue allografts for advanced wound care and surgical recovery.

How does MiMedx ensure product safety?

The company follows Current Good Tissue Practices and terminal sterilization methods.

What is MiMedx's focus in healthcare?

It addresses unmet clinical needs, especially in pain management for knee osteoarthritis.

Last updated: Mar 23, 2023