11th Jan 2016 09:20
LONDON (Alliance News) - Rex Bionics PLC on Monday said it has appointed Joseph Cucolo to its board as a non-executive director.
Cucolo is a former executive at Zimmer Holdings Inc, the US medical devices firm. Cucolo was the president of Zimmer's Americas business, but left last year after the USD13.4 billion takeover of rival Biomet.
"We are delighted that Joe has agreed to join the Rex Bionics Board. Joe's sales and marketing experience, his track record, and his extensive network will be tremendously valuable to the development of our business, especially in the US," said David Macfarlane, the chairman of Rex, which is behind the Rex Robot systems, designed to help the mobility of wheelchair users.
Rex shares were untraded on Monday morning, having last traded at 40.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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