Looks like we have very substantial management cha
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Posted On: 11/24/2020 8:56:55 AM
Looks like we have very substantial management changes!
United Health Products Announces Leadership Changes
8:05 AM ET 11/24/20 | BusinessWire
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HENDERSON, Nev,--(BUSINESS WIRE)--November 24, 2020--
United Health Products, Inc. (OTC: UEEC), ("UHP" or the "company"
, developer, manufacturer and marketer of HemoStyp(R), a patented Neutralized Oxidized Regenerated Cellulose (NORC) hemostatic agent, today announced changes to its senior management team and its Board of Directors.
Douglas Beplate, co-founder of the company and currently Chief Executive Officer and Chairman of the Board of Directors, will be retiring from the day to day management role and will continue as the Chairman. Brian Thom will assume the role of Chief Executive Officer effective December 1, 2020 and then join the Board of Directors on January 1, 2021.
Mr. Thom has been working closely with UHP since 2018 as a consultant and financial advisor. He brings over 20 years of corporate finance experience and a successful track record of helping fast growing companies across a broad range of industries to raise capital and create shareholder value. Over the course of his career he spent a decade with JPMorgan's global Mergers and Acquisitions group and five years leading the Americas Corporate Finance group with Société Générale, a multi-national European investment bank, among other entrepreneurial pursuits. During this time, Mr. Thom played a major role in over 60 M&A and equity placement transactions with an aggregate transaction value in excess of $200 billion.
Mr. Beplate commented: "Brian has spent the past two years working with me and the management team and has consequently developed a deep understanding of UHP's technology and its potential applications across several attractive markets. He has mapped out a clear strategy to transition from our R&D focus to a commercialization phase and I look forward to working closely with Brian to maximize our company's value for an eventual sale or merger at the appropriate time."
Concurrent with this change, Nate Knight, UHP's Chief Financial Officer and a Director, will be retiring after ten years with the company. Kris Heaton will assume the role of Vice President, Finance and serve as principal financial officer. Kris is a CPA who has been working with the company for several years, assisting in preparation of financial statements and SEC filings, and is familiar with UHP's financial circumstances and growth objectives. Kris' accounting and financial expertise will serve UHP well as the company ramps up commercial business operations.
Bottom line is BOD still make the biggest decisions!
$10-20+
United Health Products Announces Leadership Changes
8:05 AM ET 11/24/20 | BusinessWire
Related Quotes
--
Symbol Last % Chg
UEEC
1.12 0.00%
Real time quote.
HENDERSON, Nev,--(BUSINESS WIRE)--November 24, 2020--
United Health Products, Inc. (OTC: UEEC), ("UHP" or the "company"
, developer, manufacturer and marketer of HemoStyp(R), a patented Neutralized Oxidized Regenerated Cellulose (NORC) hemostatic agent, today announced changes to its senior management team and its Board of Directors. Douglas Beplate, co-founder of the company and currently Chief Executive Officer and Chairman of the Board of Directors, will be retiring from the day to day management role and will continue as the Chairman. Brian Thom will assume the role of Chief Executive Officer effective December 1, 2020 and then join the Board of Directors on January 1, 2021.
Mr. Thom has been working closely with UHP since 2018 as a consultant and financial advisor. He brings over 20 years of corporate finance experience and a successful track record of helping fast growing companies across a broad range of industries to raise capital and create shareholder value. Over the course of his career he spent a decade with JPMorgan's global Mergers and Acquisitions group and five years leading the Americas Corporate Finance group with Société Générale, a multi-national European investment bank, among other entrepreneurial pursuits. During this time, Mr. Thom played a major role in over 60 M&A and equity placement transactions with an aggregate transaction value in excess of $200 billion.
Mr. Beplate commented: "Brian has spent the past two years working with me and the management team and has consequently developed a deep understanding of UHP's technology and its potential applications across several attractive markets. He has mapped out a clear strategy to transition from our R&D focus to a commercialization phase and I look forward to working closely with Brian to maximize our company's value for an eventual sale or merger at the appropriate time."
Concurrent with this change, Nate Knight, UHP's Chief Financial Officer and a Director, will be retiring after ten years with the company. Kris Heaton will assume the role of Vice President, Finance and serve as principal financial officer. Kris is a CPA who has been working with the company for several years, assisting in preparation of financial statements and SEC filings, and is familiar with UHP's financial circumstances and growth objectives. Kris' accounting and financial expertise will serve UHP well as the company ramps up commercial business operations.
Bottom line is BOD still make the biggest decisions!
$10-20+
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