Alphatec this week announced it appointed Dave Demski and Keith Valentine to its board.
Demski is the former director and CEO of Globus Medical, which completed its merger with NuVasive in September. He was appointed as an independent director to Alphatec’s board.
Valentine is the former CEO of Orthofix, and will become a special advisor to Alphatec’s board.
“A defining element of the ATEC turnaround has been our willingness to act boldly when a door of opportunity opens,” CEO Pat Miles said in a news release. “While conglomerateurs and capitulants continue to form awkward alliances, ATEC has emerged as the most clinically focused spine-only company. Our success is due to our relentless pursuit to improve spine care, and certainty that people and know-how will always differentiate ATEC. Dave and Keith bring with them a combined 50 years’ experience leading some of spine’s most successful organizations. I admired Dave’s accomplishments from a distance as he ran Globus over the years. As I have come to know him better, I have no question that the addition of his influence will make us a better company.”
With more than 30 years of experience in spine, Valentine was most recently the CEO of Orthofix, a role he was terminated from in September, along with the CFO and chief legal officer, after an outside legal counsel and the board determined the executive engaged in “repeated inappropriate and offensive conduct.” Prior to the, he was CEO and president of SeaSpine and was NuVasive’s president and chief operating officer.
“I want to address one matter, clearly and directly,” said Miles. “We are aware of the recent negative commentary directed at Keith by his former employer. Years ago, I too was the target of a very public assault. During that time, I was blessed to be supported by friends who knew me best, and who rejected the accusations of strangers. I have known Keith for 30 years — I know his imperfections, but I also know his heart. He is beloved by many in our industry and his impact on spine care over the years is undeniable. Keith has made it clear he is ready to devote his considerable energy to making ATEC better, and I am thrilled to have him join our effort.”
