Orthofix Elects Board Chairman

Orthofix International has appointed Ronald A. Matricaria as a director and chairman of the board. Matricaria replaces Kathleen Regan, who served as interim chair since January. Regan will continue to serve as an independent director for the company and chair of the Nominating and Governance Committee.

“On behalf of the board of directors, I am delighted to welcome Ron as chairman,” said Regan. “His wealth of experience as both an executive and director in the medical device industry will be instrumental in successfully building the company to the next level. I see this significant event as an example of the efforts being made to position the company for long-term stability and growth.”

Matricaria has more than 35 years of medical device and pharmaceutical experience at St. Jude Medical Inc. and Eli Lilly and Co. He also currently is chairman of the board at Volcano Corporation Inc., a member of the board at Phoenix Children’s Hospital and, most recently, served as a director at Life Technologies Corporation.

“I am very excited to have the opportunity to work with the Orthofix team to realize the true potential of this company,” said Matricaria commented. “The business has been through a lot over the last few years, but I strongly believe that with the appropriate direction and guidance, we have the opportunity to create substantial shareholder value.”

President and CEO Brad Mason said: “Having Ron join our team as chairman of the board represents a major step in achieving our vision for Orthofix. With the active and experienced board we are putting in place, I am confident we can build the foundation to maximize the value of our technologies, core competencies, and relationships. I want to thank Kathy on behalf of all the employees at Orthofix for her tireless work in getting us to this point as Interim Chair.”

Matricaria served as president and CEO of St. Jude Medical and served as chairman of its board. Prior to joining St. Jude Medical, he was with Eli Lilly and Company where he held multiple executive positions over the course of 23 years. Matricaria is also currently chairman of the board at Volcano Corporation, a member of the board at Phoenix Children’s Hospital and, most recently, served on the board of directors of Life Technologies Corporation. Additionally, Matricaria has served on the board of a number of public and private companies including Home Depot Inc., Diametric Medical Inc., Ceridian Inc., Centocor Inc., Haemonetics Inc., Kinetic Concepts, Inc., Hospira Inc., Cyberonics Inc., Vistacare Inc., Advanced Medical Technology Association (AdvaMed), the Pharmaceutical Manufacturers Association International Section, the American Diabetes Association, the American Foundation for Pharmaceutical Education, the National Foundation for Infectious Diseases, the National Retiree Volunteer Center and the Indiana Repertory Theatre as well as a trustee on the board of the Massachusetts College of Pharmacy and Allied Health Science. He also chaired the BioMedical Engineering Institute campaign, which raised an operating endowment for the Institute at the University of Minnesota. He remains a Trustee emeritus of the University of Minnesota Foundation.

Lewsville, Texas-based Orthofix International makes reconstructive and regenerative orthopedic and spine solutions.