BioSurplus, the supplier of equipment management services and pre-owned laboratory instruments, has appointed Kathy Scott as chief financial officer. She will report to the company's chief executive officer, Preston 'Cinco' Plumb.
According to BioSurplus, for the past 15 years, Ms Scott served as a partner with RA Capital Advisors, a private investment bank, where she completed financial transactions totaling billions of dollars of mergers and acquisitions, divestitures, private equity and debt financing and restructurings for a broad range of corporate clients.
During her tenure at RA Capital Advisors, Ms Scott managed highly complex transactions, including the acquisition of The Titan Corporation by L-3 Communications and acted as financial advisor to Enron Corporation, post-bankruptcy. She consummated transactions in various industries including life sciences, energy, aerospace and defense, manufacturing, and retail.
BioSurplus said that, in addition to transactions, she was also the CFO and chief compliance officer at RA Capital Advisors, and for a period of time served as the CFO of RA Capital client, FeRx. Ms Scott started her career as an auditor in the San Diego office of Arthur Andersen where she focused on both public and private clients.
Preston ‘Cinco’ Plumb, CEO of BioSurplus, said: “Over the past two years we have experienced significant growth. We needed a very senior person to help execute our business plan. Kathy’s background is uniquely suited to our growth strategy.
“She successfully secured private equity and debt financings and managed the complexities of mergers and acquisitions for numerous companies. All these experiences, coupled with her strong operations capabilities made Kathy the perfect fit for our growing team.”