« Back to Vicor Press Releases
Vicor Technologies Announces New Appointments
BOCA RATON, FLORIDA — May 22, 2002 — VICOR TECHNOLOGIES, INC., is proud to announce the appointment of David H. Fater to the Board of Directors and as interim President and CEO effective June 3, 2002. Mr. Fater brings extensive experience in both the financial and the biopharmaceutical sectors. He was a key international business advisor to numerous Boards of Directors as Senior International Partner of Ernst & Young for 24 years. During his tenure, Mr. Fater was responsible for raising over $600 million dollars and worked closely with three publicly-traded companies. Mr. Fater's experience ranges from IPO's to debt financing. He is also both adept and accomplished in areas of mergers and acquisitions. Mr. Fater holds a B.S. in accounting from the University of North Carolina. He is also a Certified Public Accountant.
Mr. Fater's appointment brings Vicor solid financial expertise that all successful companies require. Vicor will utilize Mr. Fater's know-how in the strategic planning and direction of the company's business matters. Vicor's management team is very enthusiastic about the appointment and looks forward to working with Mr. Fater.
This appointment also allows for Dr. James Skinner, Co-Founder and current President, to focus solely on moving the Vicor "science" forward. Dr. Skinner will remain on the Board of Directors and will be Director of Research.
Certain statements contained herein are "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Vicor Technologies, Inc., prepared this Update and is solely responsible for its content.