Ventec Life Systems announced that its board of directors appointed Jim Alwan as its president & CEO.
Bothell, Wash.-based Ventec said in a news release that Alwan will assume the role effective March 15, 2021, while also joining as a member of Ventec’s board of directors.
A veteran of more than 25 years in the healthcare space, Alwan most recently served as SVP & GM for Philips’s hospital respiratory care business. He also served as VP of innovation and business development at Becton Dickinson.
“Jim brings a track record of industry accomplishment and effective leadership to Ventec,” Ventec Life Systems board of directors chairman Jim Hickey said in the release. “He has a unique blend of market knowledge, general management, and engineering skills. We are pleased that Jim has joined Ventec and look forward to significant company growth under his guidance.”
Ventec experienced a busy 2020, multiplying its manufacturing production by 80 times in response to the demand for its VOCSN multi-function critical care ventilator amid the COVID-19 pandemic. In September, the company announced that it completed a government contract to produce 30,000 ventilators worth $489.4 million in collaboration with General Motors.
The company has allocated revenue to enhance the VOCSN system and release the VOCSN Multi-View cellular system for providing complete patient trending and monitoring for ventilator-dependent patients across multiple respiratory therapies.
“I am delighted to join Ventec Life Systems to expand upon the unprecedented growth and remarkable progress of this team,” Alwan said. “By re-imagining respiratory therapy delivery in a uniquely integrated and connected solution, they have unlocked value that is now reshaping the respiratory care market and improving the lives of patients and caregivers.”
