New CFO for Adherium

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Digital health company Adherium (ASX:ADR) has announced the appointment of Timothy Marcotte as its new chief financial officer. 

Mr Marcotte will join the company’s leadership team and be based out of its US headquarters in San Mateo, California.

Arik Anderson, Adherium CEO, said: “We are thrilled to have Tim join the Adherium team. His extensive experience in overseeing product rollouts into new markets will be invaluable and contribute significantly to our future strategy in the United States. We continue to build out our presence in the US, and a recent 510(k) clearance and new product releases signify our growing commercial activities in the region.”

Mr Marcotte has more than 35 years of experience working at public and private medical device companies, holding various senior positions, including CEO, CFO and COO.

Prior to joining Adherium, he worked at several medical device companies, including Zonare Medical Systems, VNUS Medical Technologies, and Repeater Technologies. Mr Marcotte has overseen multiple initial public offerings and earned an MBA from the University of Michigan.

Former CFO Rob Turnbull transitions to his role, vice president of Finance and Business Services, where he will assume a number of additional operational responsibilities across the company.