AUSTIN, Texas–(BUSINESS WIRE)–ArthroCare Corp. (Pink Sheets: ARTC.PK) today announced that Todd Newton, 46, has been appointed to the position of Senior Vice President and Chief Financial Officer of ArthroCare, effective immediately. Mr. Newton will report directly to David Fitzgerald, ArthroCare’s Acting President and Chief Executive Officer.
“On behalf of ArthroCare’s Board and Management, I would like to welcome Todd as our new CFO,” said Mr. Fitzgerald. “We are fortunate to have a seasoned veteran like Todd as part of our team while we continue to work through the review and restatement of our past financial results. Todd’s broad range of financial, operational, strategic and accounting experience makes him an excellent addition to the Company and I know that he will be an asset as we work through our ongoing process and beyond.”
Mr. Newton most recently served in various executive officer roles at Synenco Energy, Inc. from 2004 to 2008, including as President and Chief Executive Officer; President and Chief Operating Officer; and Executive Vice President and Chief Financial Officer. As Chief Financial Officer, Mr. Newton led Synenco Energy’s IPO, which at the time was the largest IPO of any oil and gas company on the Toronto Stock Exchange during the preceding 10 years. As President, he led the post-IPO development of corporate systems and practices. Subsequent to this, Mr. Newton led Synenco Energy through an extensive restructuring program and strategic options review that eventually resulted in the sale of the company. Before joining Synenco Energy, Mr. Newton served in various roles at Deloitte & Touche LLP from 1984 to 2004, including as partner from 1994 to 2004. At Deloitte & Touche LLP Mr. Newton was responsible for delivery of the firm’s audit and advisory services to a number of its large, multi-national public company clients.