Orthofix International Adds to Board

Orthofix International N.V. has appointed Luke T. Faulstick, co-owner, president and CEO of Power Partners Inc., to its board of directors. Athens, Ga.-based Power Partners is a manufacturer of sustainable transformers. Faulsick was formerly executive vice president and chief operating officer of DJO Global. He has more than 25 years experience as a manufacturing executive and is a recognized expert on lean manufacturing and work culture.

Separately, Kathleen Regan has informed the board that, in connection with her recent appointment as the future executive vice president and chief operating officer of The Commonwealth Fund, she is retiring as a director effective November 3.

“We are pleased to appoint Luke to the Orthofix board of directors and our audit and finance committee, and we look forward to his contributions,” said Board Chairman Ron Matricaria. “He has an extensive background in medical device manufacturing and operations that we feel will benefit Orthofix as we continue to improve our processes and infrastructure. Luke’s appointment further strengthens the depth of our Board, and he represents the fifth new director appointed to the board in the past 18 months. Additionally, we would like to thank Kathy for her exemplary service, especially for her leadership as interim chair in a very important and critical time for the company. We wish her great success in her new endeavors.”

Faulstick previously held senior operating management roles at Tyco Healthcare, Graphic Controls, Mitsubishi Consumer Electronics and Eastman Kodak. Under his leadership, DJO Global’s operations teams and manufacturing plants won numerous awards including the Shingo Prize for Operational Excellence, Industry Week’s Best Plants, and the Association of Manufacturing Excellence Operational Excellence Award.

Faulstick received a B.S. in engineering from Michigan State University and an M.S. in engineering from Rochester Institute of Technology. He previously served on the boards of Alphatec Spine and Microdental, as well as chairman of the board of the Association of Manufacturing Excellence. Currently he is a member of the Rady Children’s Hospital Foundation Board of Trustees and a certified board director through the UCLA (University of California – Los Angeles) Anderson School of Business.

Orthofix, which makes reconstructive and regenerative orthopedic and spine solutions, is headquartered in the Netherlands Antilles with U.S. offices in Lewsville, Texas.