Monday, February 9, 2009

WorldHeart Appoints New President and CEO

World Heart Corporation ("WorldHeart", Nasdaq: WHRT), a pioneer in cardiac assist technologies, announced today that it has appointed John Alexander ("Alex") Martin as President and CEO. Mr. Martin also replaced Jal S. Jassawalla on the Board of Directors. Mr. Martin joins WorldHeart from Edwards Lifesciences where he was President of the North American Region and Corporate Vice President since 2004. Previously, Alex was with Cordis Corporation, a Johnson and Johnson (J&J) company, where he served as Senior Vice President of International and prior to that, Vice President of Sales and Marketing. At Cordis, he had responsibility for all U.S. coronary therapeutic and diagnostic device sales and under his leadership the company experienced significant growth and became the market leader. Alex was responsible for the launch of the first commercialized drug-eluting stent in the US while at Cordis.

Before Cordis, Mr. Martin, 55, served in sales, marketing and business development management positions at several organizations, including C.R. Bards' USCI division, Cambridge Heart and IMED Corporation. He also served as Director of the Emergency Medical Services at The Medical Center at Bowling Green. Mr. Martin earned a bachelor's degree from the University of Kentucky at Lexington.

Jal S. Jassawalla, WorldHeart's President and CEO since 2004 and co-founder of the original Novacor Medical Corporation, commented that, "I join WorldHeart's Board of Directors and employees in welcoming Alex to WorldHeart and the exciting and promising field of circulatory assist therapy." Mr. Jassawalla will continue in a senior role as Executive Vice President and Chief Technology Officer. His emphasis will be on research & development, product strategy, and clinical and regulatory affairs.

"We are pleased to have Alex Martin join WorldHeart," said Michael Estes, Chair of WorldHeart's Board of Directors. "Alex's extensive background in medical technologies and long-standing relationships within the cardiovascular community will be particularly valuable as WorldHeart brings its Levacor technology into the clinical arena and continues to advance its unique 'mag-lev' technology platform. The Board of Directors is also very pleased that Jal Jassawalla will continue in his key role as Executive Vice President of WorldHeart."

About World Heart Corporation

WorldHeart is a developer of mechanical circulatory support systems. WorldHeart is headquartered in Salt Lake City, Utah with additional facilities in Oakland, California, USA and Herkenbosch, The Netherlands. WorldHeart's registered office is in Ottawa, Ontario, Canada.

via yahoo

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