EANS-Adhoc
LifeWatch AG: Kenneth Melani designated as new Chairman.
Yacov Geva will continue to act as the Corporate CEO. (with document)
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Board of Directors (Appointments and Changes)/Company
Information/LifeWatch AG 25.03.2013
Neuhausen am Rheinfall/Switzerland - LifeWatch AG (SIX Swiss
Exchange: LIFE), the leading provider of wireless telemedicine, today
announces a change for the Chair of its Board of Directors. Subject
to his re-election at the upcoming ordinary shareholder meeting on
May 29, 2013, the current Board member Kenneth Melani will then take
the Chair of the Board of Directors. The present Chairman and CEO Dr.
Yacov Geva will continue to act as the Corporate CEO of LifeWatch AG.
You will find a PDF-version of this press release at the end of this
message.
LifeWatch AG announces today that its Board member Kenneth Melani
will take the Chair of the Board of Directors from Dr. Yacov Geva
subject to his re-election at the upcoming ordinary shareholder
meeting on May 29, 2013. On the occasion of the extraordinary
shareholder meeting on January 23, 2013, Kenneth Melani was elected a
member of the Board based on his longstanding experience and intimate
knowledge of the U.S. healthcare system. Currently, the Company is
creating about 99% of its revenues in the United States.
The long-time Chairman and Chief Executive Officer of LifeWatch AG,
Dr. Yacov Geva, will continue to act as the Corporate CEO in order to
grow the existing and future business of the Company together with
the new Chairman Kenneth Melani.
Kenneth R. Melani (born 1954, citizen of the U.S.) is the former
president and chief executive officer of Highmark, a health insurance
company based in Pittsburgh and the largest health insurer in
Pennsylvania. He graduated in 1975 with a chemistry degree and
enrolled later in the Bowman Gray School of Medicine in North
Carolina before specializing in adult internal medicine. In 1982, he
started his own practice in Pennsylvania. Later he began to take on
work for West Penn Cares, a company of West Penn-affiliated
physicians, developing business opportunities with a commercial blood
laboratory and in- home intravenous therapy devices. In 1989, he was
appointed chief medical officer for Blue Cross of Western
Pennsylvania. During this time, Blue Cross of Western Pennsylvania
merged with Harrisburg's Pennsylvania Blue Shield and the company was
re-christened Highmark. Kenneth Melani was awarded W&J College's
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