SonoSite (ticker: SONO, exchange: NASDAQ Global Market (.O))
News Release -
SonoSite Appoints Vice President of Corporate Development
BOTHELL, Wash.--(BUSINESS WIRE)--Aug. 20, 2007--SonoSite, Inc.
(NASDAQ:SONO), the world leader in hand-carried ultrasound, announced
today it has appointed Marcus Y. Smith as Vice President, Corporate
Development. In that position, Mr. Smith will be a member of
SonoSite's Executive Committee and report to Kevin M. Goodwin,
SonoSite President and CEO.
Mr. Smith joins SonoSite from Philips Medical Systems (PMS), where
he served as Senior Director, Strategy and Business Development, since
2004. In this capacity he was responsible for directing strategy and
business development efforts for Patient Monitoring and Cardiac Care,
a $1 billion medical technology division of PMS. While at Philips, Mr.
Smith built and executed on a strong portfolio of growth opportunities
focused on strengthening core business and expansion into new critical
From 2000 to 2003, Mr. Smith led JPMorgan's European logistics
investment banking practice as Vice President, Investment Banking, for
the firm and advised major corporate and government clients on
strategic alternatives in the logistics and transportation sectors. He
originated and executed a broad range of transactions, including
mergers, acquisitions, joint ventures, strategic alliances, equity,
debt and derivatives.
"Marcus is a highly experienced executive with a proven record of
achievement in multiple US and international corporate transactions,"
Mr. Goodwin stated. "We look forward to capitalizing on his expertise
as we execute our future growth strategies."
Prior to JPMorgan, Mr. Smith held management positions with
Schroder & Co., Inc. (now part of Citigroup), and Xerox Corporation.
He received his BA from Duke University of North Carolina and both his
MBA and MA in international affairs from Columbia University of New
SonoSite, Inc. (www.sonosite.com), is the innovator and worldwide
leader in hand-carried ultrasound. Headquartered near Seattle, the
company is represented by nine subsidiaries and a global distribution
network in over 90 countries. SonoSite's small, lightweight systems
are expanding the use of ultrasound across the clinical spectrum by
cost-effectively bringing high-performance ultrasound to the point of
patient care. The company employs over 550 people worldwide.
CONTACT: SonoSite, Inc.
Anne Bugge, 425-951-1378
SOURCE: SonoSite, Inc.