Pawlenty Joins Boards of 2 Cos, Including 1 in MN
Former Minnesota Governor Tim Pawlenty may not be running for president-but he's certainly staying busy since leaving the political spotlight.
Within the past week, two local companies have separately announced that he's joined their boards of directors.
Most recently, on Thursday, Miromatrix Medical, Inc.-which will soon move into a laboratory situated in an industrial park in Glencoe-said that Pawlenty was elected to its board at its October 17 meeting.
“I am extremely excited to join the board of a company that has the potential to improve human health in an historic way within its reach,” Pawlenty-who in August ended his run for the Republican presidential nomination-said in a statement. “In my view, Miromatrix likely will be Minnesota's next medical and business miracle.”
Miromatrix was spun out of the University of Minnesota in December 2009 and formally launched in February 2010 when the U of M signed an exclusive licensing agreement to allow the company to commercialize groundbreaking research conducted by scientist Doris Taylor (who was quietly removed from the board in July 2010). Her research holds the promise of enabling the replacement of entire human organs with organs that are stripped of their cells and reinfused with cells from the recipient or a compatible donor. The technology is hoped to revolutionize organ transplants and save millions of lives.
Miromatrix's first product, however, is a biomesh for hernia repair and breast reconstruction.
Two days prior to Miromatrix's announcement about Pawlenty joining its board, Atlanta-based RedPrairie Corporation said that it appointed him to its board.
RedPrairie-a global supply chain and retail technology provider-called Pawlenty a “well-established advocate for business” and said that his experience in financial management and with cultivating economic development make him a good fit for the board.
“During his time as governor of Minnesota, Pawlenty oversaw the interests of 5.2 million citizens and was responsible for a $50 billion biennial budget, 30,000 employees, and more than 20 agencies and departments,” RedPrairie said in a news release. “As governor, Pawlenty oversaw economic development efforts on behalf of Minnesota businesses, including the promotion of international business through trade missions to nine countries.”
Pawlenty said he's “impressed with RedPrairie's visionary strategy,” adding: “Their unique position in this market, at the intersection of supply chain and all-channel commerce, is compelling. RedPrairie is at the forefront of the movement to connect the supply chain and consumers in this rapidly evolving global economy. I'm looking forward to being part of a company with such significant financial momentum and that is a force in driving change in the software industry.”