Sonendo Strengthens Leadership With Key Strategic Appointments
June 05 2024 - 3:05PM
Business Wire
John Bostjancic Appointed as Chief Financial
Officer Bob Guyatt Appointed as Senior Vice President of Marketing
John McGaugh Promoted to Senior Vice President of Operations
Sonendo, Inc. (OTCQX: SONX) (“Sonendo”), a leading dental
technology company and developer of the GentleWave® System, today
announced the appointment of John Bostjancic as Chief Financial
Officer, the appointment of Robert Guyatt as Senior Vice President
of Marketing, and the promotion of John McGaugh to Senior Vice
President of Operations.
“Sonendo is embarking on a reset strategy to drive fundamental
change within the organization,” said Bjarne Bergheim, President
and Chief Executive Officer of Sonendo. “We have filled key
leadership roles with action-minded individuals who are committed
to help drive the three elements of our reset: commercial
execution, margin expansion, and cash conservation. I’m thrilled to
have John Bostjancic, Bob Guyatt, and John McGaugh onboard, and
believe their contributions to Sonendo will be key factors in the
success of each facet of our forward-looking strategy.”
Mr. Bostjancic comes to Sonendo with extensive experience in the
medical device industry with over 20 years in financial and
operational leadership roles at publicly traded companies. He most
recently served as Chief Financial Officer of Orthofix Medical, a
global spinal and orthopedics medical device company, following its
2023 merger with SeaSpine, where Bostjancic had served for 8 years
as CFO and was also appointed as Chief Operating Officer in 2022.
Prior to that, he spent 16 years at Integra Lifesciences in
multiple corporate development, supply chain and financial
leadership roles. Bostjancic began his career at
PricewaterhouseCoopers LLP before joining the accounting standards
team at Merck & Co Inc. His appointment as Chief Financial
Officer at Sonendo is effective as of June 5, 2024.
Mr. Bergheim added, “I’m very pleased to welcome John to the
Sonendo team and know that with his strong track record of
championing growth initiatives while enhancing efficiencies, he
will be instrumental in executing across all aspects of the
Company’s reset strategy. John is a veteran of the healthcare
industry, and we look forward to leveraging his deep expertise as
we move on to the next step in Sonendo’s journey.”
Mr. Guyatt brings comprehensive marketing leadership and
experience to Sonendo, where he will head marketing efforts, which
include driving the commercial execution initiative associated with
the Company’s reset strategy. He previously served as a consultant
to the Company in other senior marketing positions. Prior to his
time at Sonendo, Mr. Guyatt held global executive marketing roles
at Danaher’s dental platform and led US Sales and Global Marketing
at Lifecore Biomedical before an acquisition by Warburg Pincus. His
appointment as Senior Vice President of Marketing at Sonendo was
effective as of April 23, 2024.
Mr. McGaugh has been with Sonendo since May 2023 where he has
helped instill significant operational efficiencies with console
assembly and procedure instrument margin contributions. He has a
proven record with over 20 years in overseeing global manufacturing
operations, and with his promotion he will take on an expanded
leadership role within the organization. Prior to his time at
Sonendo, Mr. McGaugh served as a multi-site operational leader for
Abbott Vascular. In addition to his experience at Abbott, Mr.
McGaugh has held leadership roles at Boston Scientific and American
Medical Systems. His promotion to Senior Vice President of
Operations was effective as of March 1, 2024.
About Sonendo
Sonendo is a commercial-stage medical technology company focused
on saving teeth from tooth decay, the most prevalent chronic
disease globally. Sonendo develops and manufactures the GentleWave®
System, an innovative technology platform designed to treat tooth
decay by cleaning and disinfecting the microscopic spaces within
teeth without the need to remove tooth structure. The system
utilizes a proprietary mechanism of action, which combines
procedure fluid optimization, broad-spectrum acoustic energy, and
advanced fluid dynamics, to debride and disinfect deep regions of
the complex root canal system in a less invasive procedure that
preserves tooth structure. The clinical benefits of the GentleWave®
System when compared to conventional methods of root canal therapy
include improved clinical outcomes, such as superior cleaning that
is independent of root canal complexity and tooth anatomy, high and
rapid rates of healing and minimal to no post-operative pain. In
addition, the GentleWave® System can improve the workflow and
economics of dental practices and offers patients an effective,
less invasive, and less painful alternative to traditional root
canal therapy.
For more information about Sonendo and the GentleWave® System,
please visit www.sonendo.com. To find a GentleWave® doctor in your
area, please visit www.gentlewave.com.
Forward-Looking Statements
This press release includes forward-looking statements
(statements which are not historical facts) within the meaning of
the Private Securities Litigation Reform Act of 1995. These
statements include, but are not limited to, express or implied
forward-looking statements relating to the Company’s anticipated
business and financial performance on an on-going basis. You are
cautioned that such statements are not guarantees of future
performance and that our actual results may differ materially from
those set forth in the forward-looking statements. Forward-looking
statements are predictions, projections and other statements about
future events that are based on current expectations and
assumptions; speak only as of the date they are made; and, as a
result, are subject to risks and uncertainties that may change at
any time. Factors that could cause the Company’s actual results to
differ materially from these forward-looking statements are
described in detail in our registration statements, reports and
other filings with the Securities and Exchange Commission,
including the “Risk Factors” set forth in our Annual Report on Form
10-K, as supplemented by our quarterly reports on Form 10-Q. Such
filings are available on our website or at www.sec.gov. We
undertake no obligation to publicly update or revise
forward-looking statements to reflect subsequent developments,
events, or circumstances, except as may be required under
applicable securities laws. Readers are cautioned not to put undue
reliance on forward-looking statements, and the Company assumes no
obligation and does not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240605181279/en/
Investor Contact:
Gilmartin Group Greg Chodaczek IR@Sonendo.com
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