BELGRADE, Mont., Could 18, 2023 (GLOBE NEWSWIRE) — Xtant Medical Holdings, Inc. (NYSE American: XTNT), a worldwide medical expertise firm centered on surgical options for the remedy of spinal problems, at the moment introduced the appointment of Lori Mitchell-Keller to the Firm’s Board of Administrators efficient Could 16, 2023. Ms. Mitchell-Keller will function a member of the Compensation and Audit Committees of the Board of Administrators.
“We’re happy to welcome Lori to our Board, marking one other high-quality impartial member addition,” stated Stavros G. Vizirgianakis, Chairman of Xtant’s Board of Administrators. “Her deep operations, info applied sciences, and advertising experience will probably be of great worth to Xtant. Lori’s appointment underscores our dedication to our long-term progress technique.”
“I’m excited to affix Xtant’s Board because the Firm enters its subsequent part of progress,” stated Ms. Mitchell-Keller. “Xtant’s main orthobiologics and spine fixation enterprise is well-positioned to proceed its upward trajectory as highlighted by the current acquisition of the Coflex product line, and I sit up for offering my experience in driving the Firm’s continued success.”
About Lori Mitchell-Keller
Ms. Mitchell-Keller has over thirty years of expertise within the software program, shopper items, wholesale distribution and retail industries, together with greater than fifteen years centered on market technique and market improvement. From Could 2020 to November 2022, she served as VP and International Basic Supervisor of Trade Options at Google Cloud, an organization providing a set of cloud computing providers. From June 2018 to Could 2020, Ms. Mitchell-Keller served because the President and International Basic Supervisor, SAP Industries at SAP Labs, LLC, a software program firm, the place she beforehand served in a number of different roles since 2007, together with EVP and International Basic Supervisor, Client Industries; SVP and International Head, Retail Trade Enterprise Unit; SVP, LoB Answer Administration Concept-to-Supply; SVP, Suite Answer Administration, Provide Chain, Product Lifecycle Administration and Manufacturing; and SVP, Enterprise Suite Functions. Previous to SAP, Ms. Mitchell-Keller held quite a lot of govt positions at Manugistics, a software program firm, and Baxter/Allegiance Healthcare.
Ms. Mitchell-Keller at the moment serves as a member of the Board of Administrators of Mitratech, a software program firm, and the Madison Home Autism Basis. She beforehand served on the Boards of Administrators of the Food Advertising Institute and the Nationwide Retail Federation. Ms. Mitchell-Keller holds a Grasp of Enterprise Administration in Administration/Technique and Advertising from the J.L. Kellogg Graduate Faculty of Administration at Northwestern College, a Grasp of Science in Operations Analysis from Stanford College, and a Bachelor of Science in Industrial Engineering from Iowa State College.
About Xtant Medical Holdings, Inc.
Xtant Medical Holdings, Inc. (www.xtantmedical.com) is a worldwide medical expertise firm centered on the design, improvement, and commercialization of a complete portfolio of orthobiologics and spinal implant programs to facilitate spinal fusion in advanced spine, deformity and degenerative procedures. Xtant persons are devoted and proficient, working with the best integrity to serve our prospects.
The symbols ™ and ® denote logos and registered logos of Xtant Medical Holdings, Inc. or its associates, registered as indicated in the US, and in different nations. All different logos and commerce names referred to on this launch are the property of their respective house owners.
Cautionary Assertion Relating to Ahead-Wanting Statements
This press launch comprises forward-looking statements inside the that means of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements embrace statements which might be predictive in nature, that depend on or confer with future occasions or situations, or that embrace phrases akin to “intends,” ‘‘expects,’’ ‘‘anticipates,’’ ‘‘plans,’’ ‘‘believes,’’ ‘‘estimates,’’ “proceed,” “future,” ‘‘will,’’ “potential,” “going ahead,” comparable expressions or the unfavourable thereof, and using future dates. Ahead-looking statements on this launch embrace the idea that the Firm is properly positioned to proceed its upward trajectory and continued success. The Firm cautions that its forward-looking statements by their nature contain dangers and uncertainties, and precise outcomes could differ materially relying on quite a lot of essential elements, together with, amongst others: the Firm’s future working outcomes and monetary efficiency; its capacity to extend or keep income; dangers related to its current acquisition of the Coflex® product line; attainable future impairment fees to long-lived property and goodwill and write-downs of extra stock if revenues proceed to lower; the flexibility to stay aggressive; the flexibility to innovate, develop and introduce new merchandise; the flexibility to interact and retain new and present impartial distributors and brokers and certified personnel and the Firm’s dependence on key impartial brokers for a good portion of its income; the impact of COVID-19, labor and hospital staffing shortages on the Firm’s enterprise, working outcomes and monetary situation, particularly once they have an effect on key markets; the Firm’s capacity to implement efficiently its future progress initiatives and dangers related therewith; the impact of inflation, elevated rates of interest and different recessionary elements and provide chain disruptions; the impact of product gross sales combine modifications on the Firm’s monetary outcomes; authorities and third-party protection and reimbursement for Firm merchandise; the flexibility to acquire and keep regulatory approvals and adjust to authorities rules; the impact of product legal responsibility claims and different litigation to which the Firm could also be topic; the impact of product recollects and defects; the flexibility to acquire and shield Firm mental property and proprietary rights and function with out infringing the rights of others; the flexibility to service Firm debt, adjust to its debt covenants and entry further indebtedness; the flexibility to acquire further financing on favorable phrases or in any respect; and different elements. Further threat elements are contained within the Firm’s Annual Report on Type 10-Okay for the 12 months ended December 31, 2022 filed with the Securities and Trade Fee (SEC) on March 7, 2023 and subsequent SEC filings by the Firm, together with its Quarterly Report on Type 10-Q for the quarterly interval ended March 31, 2023 filed with the SEC on Could 4, 2023. Buyers are inspired to learn the Firm’s filings with the SEC, out there at www.sec.gov, for a dialogue of those and different dangers and uncertainties. The Firm undertakes no obligation to launch publicly any revisions to any forward-looking statements to mirror occasions or circumstances after the date hereof or to mirror the prevalence of unanticipated occasions, besides as required by legislation. All forward-looking statements attributable to the Firm or individuals performing on its behalf are expressly certified of their entirety by this cautionary assertion.
Investor Relations Contact
David Carey
Lazar FINN Companions
Ph: 212-867-1762
Electronic mail: david.carey@finnpartners.com
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