Nihon Kohden (TYO:6849) promoted the former CEO of Monarch Medical, Dr. Constantine Wilson, to be its new CEO.
Wilson was named COO of the Japanese firm’s American operation last September, Nihon Kohden said.
The move is part of a major reorganization aimed at responding to the dynamic U.S. healthcare market, Irvine, Calif.-based Nihon Kohden America said. Wilson, who was replaced last June at Monarch by former CapsuleTech chief marketing & sales officer Stuart Long, replaces Fumio Izumida at Nihon Kohden.
“Wilson is a person who shares a passion to contribute to the advancement of medicine with new technologies, which is essential to the corporate philosophy of Nihon Kohden. Upon joining our organization, he immediately began reshaping the corporate strategies based on his deep understanding of the unique needs of healthcare within the U.S. market. We believe he will demonstrate strong leadership to help the company achieve record growth in the coming months and years, and establish a robust foundation to provide better healthcare solutions to customers,” international operations director Hirokazu Ogino said in prepared remarks.
Nihon Kohden said its breaking down its former organizational structure, which was separated into product-specific businesses, and replacing it with “unified healthcare solutions that are designed to respond to the needs of customers and the market.”
“The healthcare market is becoming more consolidated to allow organizations to achieve efficiencies of scale that would not be possible as an individual hospital or physician’s office,” Constantine said in a press release. “At the same time, these organizations are looking for companies that can meet their needs across multiple departments. By changing the way we approach the market, we will be able to demonstrate both the breadth and depth of our technological innovations across the healthcare continuum.”
The company also tapped former Henry Schein (NSDQ:HSIC) sales vice president Michael Stone to be senior vice president of sales. Nihon Kohden American also named Kathy Hart vice president of marketing and Veffa Devers as vice president of clinical excellence programs. Thomas Bento was hired as senior vice president of regulatory & quality affairs and medtech veteran Betzy Estrada as director of human resources.
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