Angeion Appoints Gregg Lehman CEO
Angeion Corporation on Wednesday announced the appointment of Gregg Lehman as president, CEO, and a company director.
The appointment follows several changes at Angeion. In November, the St. Paul-based medical device company said that CEO Rodney Young would step down at the end of 2010.
Phil Smith, former CEO of Minnetonka-based start-up DGIMed, was named Young's successor, but he resigned in May, after five months in the role. Angeion said at the time that Smith's resignation was a “mutual” decision between him and the company's board of directors.
Lehman-who most recently served as president, CEO, and director of Health Fitness Corporation-took the helm as interim CEO at Angeion when Smith resigned.
Angeion said that Lehman has three decades of executive management and governance experience, including 20 years in the health care industry. Prior to joining Health Fitness Corporation, he served as CEO at Inspiris, Inc., Gordon Health Solutions, Inc., and the National Business Coalition on Health. He was also president of Taylor University in Indiana.
“Gregg has demonstrated exceptional leadership at the company in a short period and has positively affected our customers, employees, business partners, and shareholders,” Mark Sheffert, chairman of Angeion's board, said in a statement. “Having worked closely with Gregg at Health Fitness Corporation, I have great confidence in his skills and track record to successfully lead Angeion.”
Angeion reported $29 million in revenue and an $849,000 loss for its 2010 fiscal year, which ended in October. The company develops, manufactures, and sells cardio-respiratory diagnostic systems.