AtriCure, a developer of cardiac surgical ablation systems, has named Michael Carrel as the company's new president and chief executive officer (CEO).
Initially, Carrel served at Vital Images, a medical imaging software company, as chief operating and financial officer and was promoted as president and CEO, where he stayed from 2008 until it was sold to Toshiba in 2011.
At Toshiba, Carrel served as CEO of the new business unit until 2012 when the integration was successfully completed.
AtriCure board of directors chairman Dick Johnston said Carrel is an industry veteran having a good track record for growing organizations, driving corporate development activities and successfully building commercial platforms to create value for shareholders.
"We believe that his leadership and operational expertise will lead AtriCure to enhanced profitability and success as we seek to continue to grow our market share in the US and expand our international business," Carrel added.
"We welcome Mike to AtriCure and are confident that the Company can continue to build from its solid foundation and strong growth prospects."
AtriCure president and CEO Michael Carrel said he is pleased to join AtriCure which has an established and growing presence in atrial fibrillation and stroke prevention, a talented workforce and well-established relationships with its clinical partners and customers.
"I look forward to working with the Board and the management team to strengthen the Company’s financial and operational performance, drive the commercialization of the current and future pipeline and position AtriCure to achieve its full potential, creating value for shareholders," Carrel added.