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Admedus appoints new chief operating officer

Published: 02:00 09 Jun 2017 BST

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David St. Denis will replace Julian Chick

Admedus (ASX:AHZ) has appointed David St. Denis as the company's new chief operating officer, following the resignation of Julian Chick.

Wayne Paterson, chief executive officer, commented:

"David’s formidable sales and marketing capability will provide a powerful boost to our current momentum.

"New products, with product-focussed sales teams, have delivered stronger market presence and higher revenues.

"Julian has been a great advocate for Admedus over the past five years. On behalf of the board, we offer our appreciation – and we wish him every success."

Admedus remains well-funded with cash of $14.4 million at the end of March 2017.

Forecast revenues for FY16/17 are $21 million.

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