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BSG From the Boardroom

A curated selection of executive opportunities, industry highlights, and unique insights in executive search.

    COMPLETED EXECUTIVE SEARCH | CFO | XIMEDICA

    • Chief Financial Officer for Ximedica
    • Robert Brown is the successful candidate

    BSG is delighted to announce an executive search placement of Robert Brown as the Chief Financial Officer for Ximedica, a private equity backed medical device company located in New England.

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    THE CANDIDATE:

    Prior to accepting the Ximedica role as Chief Financial Officer, Robert Brown served as the President of Nxstage Kidney Care, a subsidiary of Nxstage Medical, Inc. from June 26, 2013 until May 2, 2017.  He has more than 20 years of financial experience.  Mr. Brown served as the Chief Financial Officer, Senior Vice President and Treasurer of Nxstage Medical, Inc. from November 27, 2006 to June 2013.  He served as Principal Accounting Officer of Nxstage Medical, Inc.  He served in several leadership positions in Boston Scientific's financial group including Vice President of Corporate Analysis & Control from 2005 to 2006, where he and his team were responsible for the Boston Scientific's financial, compliance and operational audits.  Mr. Brown served as Vice President of International Finance from 1999 to 2004 where he was responsible for the financial functions of Boston Scientific's $2.5 billion international division in over forty countries. His experience includes financial reporting and special projects at United Technologies and public accounting and consulting at Deloitte & Touche.  Mr. Brown earned his M.B.A. at The University of Michigan, his B.B.A. in Accounting at The University of Toledo and is a Certified Public Accountant.

    THE CLIENT:

    For more than 30 years, Ximedica has provided a unique growth platform enabling organizations to successfully deploy medical technology products into the market. The Company’s design school roots began when the Ximedica was formed in 1985 by two Rhode Island School of Design (RISD) graduates, Aidan Petrie and Stephen Lane. From those earliest days to today, the application of “human-centered” design thinking to the innovation and product creation processes remains central to the company’s success.  Ximedica still boasts Providence, RI as their headquarters, with additional offices in San Francisco, Silicon Valley, Plymouth Minnesota, and Hong Kong, China.

    In 2014 SV Life Sciences purchased a majority stake in the firm, recognizing that Ximedica is unique in providing a comprehensive service platform – a much needed option in the evolving ecosystem of outsourced medical device development.  Throughout its history, Ximedica has unearthed new opportunities for clients, solved difficult development challenges, delivered cutting-edge innovative solutions and added considerably to patent counts.

    Recognizing the complexity, risk and rigor associated with developing products for healthcare, they focus exclusively on the development of medical devices.  Developing regulated medical devices is Ximedica’s core competency.  The Company’s domain knowledge and technical expertise are key differentiators, providing significant benefit to their customers. They are proficient in bringing surgical, drug delivery, diagnostics and patient care from first concept to market launch.

    Ximedica clients are breaking into existing markets or forging entirely new ones. They are heralded for their award-winning designs, powered by their partnership with Ximedica.

    ABOUT BSG TEAM VENTURES:

    BSG believes that great businesses are run on people.  Talent is the lifeblood of business.  And almost all of BSG’s clients have a business context that requires what BSG calls the “builder-leader” profile. 

    BSG does business.  BSG knows business, not just headhunting. BSG believes that to do really effective search, you need to get business and headhunting.  This isn’t just generic business that many search industry generalists espouse. Rather, it’s industry specific knowledge—of vertical industry sectors like SaaS software, the for-profit education industry sector, healthcare technology, business process-outsourcing sector, and the manufacturing and retail sectors.  These are just some of the industry verticals in which BSG claims deep contextual business knowledge.

    BSG does relationships.  Rather than one search wonders that can feel more like a hit-and-run, BSG wants to be a trusted talent advisor and not an occasional supplier.  And through these relationships BSG builds a deep understanding of what success looks like in your business, and which candidates both will and will not be accretive to your business and its goals.

    SOURCES & RELATED LINKS:

    FOR MORE INFORMATION:

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    -by Clark Waterfall on Mar 19, 2018 2:56:13 PM

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