
| Press Release Archives |
CONCEPTUS HIRES DARRIN UECKER AS VICE PRESIDENT, R&D AND OPERATIONS MOUNTAIN VIEW, Calif. (May 10, 2007) – Conceptus, Inc. (Nasdaq: CPTS), announced that Darrin Uecker has joined the Company as Vice President, R&D and Operations on May 2, reporting directly to Mark Sieczkarek, President and Chief Executive Officer. Mr. Uecker will be responsible for the research and development and operations of the Essure® system for permanent birth control. Mr. Uecker was most recently with RITA Medical Systems, where he was Chief Technology Officer from January 2004 until January 2007. While at RITA, he was instrumental in growing the business over 200%, culminating in the sale of RITA to Angio Dynamics. Darrins 17 years of robust experience in all aspects of R&D, manufacturing and operations will enable us to increase focus on bringing improvements to the Essure device and to further enhance clinical performance as we progress towards our long-term goal of making Essure the gold standard for permanent birth control, said Mr. Sieczkarek. He is a proven public company executive and leader and he will bring strong operational knowledge to our business. Mr. Ueckers background includes extensive experience in product development, R&D, operations and business development in a variety of medical device markets. He is a named inventor on 43 US patents and has led the development and launch of more than a dozen medical devices in his career. He received a Bachelor and Masters degree in Electrical and Computer Engineering from the University of California at Santa Barbara. I am very excited to join the Conceptus management team and
to be given the opportunity to help make the Essure system the gold
standard for permanent birth control, said Mr. Uecker. I
am looking forward to contributing my expertise and experience in
managing rapid organic growth and product development. In accordance with NASDAQ Marketplace Rule 4350, as amended, the
Company granted inducement stock appreciation rights to Darrin Uecker.
These options were granted without stockholder approval pursuant to
NASDAQ Marketplace Rule 4350(i)(1)(A)(iv) under the following terms:
125,000 stock appreciation rights, exercise price equal to the fair
market value on the grant date, ten-year duration and vesting at the
rate of 12.5% for the first 6 months and then equal vesting over the
next 42 months of service with the Company. The grant date is the
close of business on May 10, 2007.
|
|
|||||||
| Site Index | Contact Us | Privacy | Product Sites |