Alphatec Holdings, Inc. (Nasdaq:ATEC – News), the parent company of Alphatec Spine, Inc., a medical device company that designs, develops, manufactures and markets products for the surgical treatment of spine disorders, with a focus on treating conditions related to the aging spine, today announced that its Board of Directors elected Leslie H. Cross the non-executive Chairman of the Board of Directors.
Mr. Cross recently retired as the President and Chief Executive Officer of DJO Global, Inc. (“DJO Global”), a position he has held since 1995. Mr. Cross continues to serve as a Director and Chairman of DJO Global. DJO Global is a manufacturer and worldwide leading distributor of electrotherapy products, orthopedic implants and orthopedic rehabilitation products. During his tenure with DJO Global, the company’s revenues grew from approximately $30 million to $966 million, with adjusted EBITDA in 2010 of $262 million. Mr. Cross has held principal executive roles at DJO Global and its predecessors since 1990.
Mortimer Berkowitz III, the Chairman of the Executive Committee of the Board of Directors, said, “I am pleased that Les Cross has agreed to serve as the Chairman of our Board of Directors. Les is a highly talented business leader who has repeatedly driven growth, profitability and shareholder value in the orthopedics industry. Having known Les for many years, we were pleased to recruit him to join the Board of Directors earlier this year and we believe that he will be an outstanding Chairman of the Board of Directors.”
Dirk Kuyper, Alphatec Spine’s President and CEO, said “I look forward to working closely with Les as we drive towards our goal of being a top-5 global market leader.”