SonoSite CFO resigns, makes $3M | Personnel Moves

January 6, 2012 By MassDevice staff Leave a Comment

SonoSite (NSDQ:SONO) CFO Marcus Smith stands to pull down more than $3 million now that he’s retired from the Bothell, Wash.-based ultrasound device maker.

The company said Smith’s resignation, which went into effect yesterday, was to pursue other opportunities.

The former Philips Medical Systems exec will end up with more than $3 million in the bank after he receives all of his separation benefits, according to a company filing with the SEC.

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Smith will end up with 3 lump sum payments of $790,000, equivalent to 2 years worth of salary and bonuses, and $1.3 million and $1.7 million for restricted stock units and options, respectively.

SonoSite hired Smith in 2007 as the vice president of corporate strategy & growth planning and promoted him to a senior VP and CFO in August 2010.

SonoSite said it’s replacing Smith with Anil Amlani, head of its VisualSonics subsidiary.

A seasoned corporate operator, Amlani has logged 11 years financial chief at various companies, according to SonoSite president & CEO Kevin Goodwin, including a 5-year stint as president & CEO of VisualSonics before SonoSite’s summer 2010 buyout of the ultrasound device maker.

SonoSite, which paid $71 million for VisualSonics, found itself on the other end of the equation with nearly $1 billion offer from Fujifilm (TSE:4901) last month.

Here’s the latest personnel changes from medical device, diagnostics and life science companies around the nation. For more recent hirings and firings, check out MassDevice’s compilation of the latest personnel moves.

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Orthopedic surgeons and sports medicine docs Dr. James Andrews and Dr. Joshua Hackel joined the medical advisory board of IntelliCell BioSciences Inc. Read more

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Rochester Medical director to retire
Stewartville, Minn.-based Rochester Medical Corp.’s Roger Schnobrich will retire from the company’s board of directors, effective January 26, 2012. Read more

FlouraPharma Medical adds VC to board
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