Advanced Medical Optics Announces Election of Daniel J. Heinrich, G. Mason Morfit to Board of Directors
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Advanced Medical Optics, Inc. (AMO) (NYSE: EYE), a global leader in
ophthalmic surgical devices and eye care products, today announced the
election of Daniel J. Heinrich and G. Mason Morfit to its board of
directors, increasing the company’s board to
10 members.
Since 2003, Mr. Heinrich, 51, has been senior vice president and chief
financial officer of The Clorox Company (NYSE: CLX), the global consumer
packaged goods company with approximately $4.8 billion in annual sales
and more than 7,800 employees worldwide. Mr. Morfit, 32, is a partner at
San Francisco-based ValueAct Capital Partners, a private investment
partnership with more than $6 billion in assets under management on
behalf of some of the world’s most respected
institutional and high-net worth investors. ValueAct Capital is AMO’s
largest stockholder.
"Dan and Mason each bring distinct experiences
that will broaden and enrich our board,” said
Jim Mazzo, chairman and chief executive officer. "Dan’s
extensive financial expertise and understanding of the global consumer
market will be immensely valuable as we execute our complete refractive
solution strategy. Mason brings the perspective of a major stockholder
with demonstrated governance and capital markets expertise. We are
pleased to welcome both gentlemen as new directors and look forward to
their contributions.”
In his current position, Mr. Heinrich serves as a key member of Clorox’s
executive committee, working closely with that company’s
board and its committees in establishing financial strategies and
targets, reviewing financial and operating performance, ensuring
appropriate corporate governance, working closely with the investment
community and ensuring strong financial discipline and internal
controls. From 2001 to 2003, he served as controller and chief
accounting officer for Clorox. His prior experience includes
senior-level financial positions with Transamerica Corp., Ford Motor
Company’s Financial Services Group and Ernst
& Young. A certified public accountant, Mr. Heinrich holds an MBA from
St. Mary’s College and a bachelor’s
degree from the University of California, Berkeley. Mr. Heinrich’s
term on AMO’s board will expire at the 2010
Annual Stockholders Meeting. He will serve on the AMO board’s
audit and finance committee.
Mr. Morfit currently serves on the boards of directors of MSD
Performance, Inc. and Valeant Pharmaceuticals International, Inc. (NYSE:
VRX), and he is a former director of Solexa, Inc. A chartered financial
analyst, he holds a bachelor’s degree from
Princeton University.
Mr. Morfit’s term on AMO’s
board will expire at the 2009 Annual Stockholders Meeting and he will
serve on the board’s science and technology
committee.
About Advanced Medical Optics (AMO)
AMO is focused on providing the full range of advanced refractive
technologies and support to help eye care professionals deliver optimal
vision and lifestyle experiences to patients of all ages. Products in
the cataract/implant line include intraocular lenses (IOLs),
phacoemulsification systems, viscoelastics, and related products used in
ocular surgery. AMO owns or has the rights to such product brands as
ReZoom®,
Tecnis®, Clariflex®,
Sensar®, and Verisyse®
IOLs, Sovereign®,
Sovereign® Compact
and WhiteStar Signature™
phacoemulsification systems with WhiteStar®
technology, Healon®
viscoelastics, and the Baerveldt®
glaucoma shunt. Products in the laser vision correction line include
wavefront diagnostic devices, femtosecond lasers and associated patient
interface devices, and excimer laser vision correction systems and
treatment cards. AMO brands in the laser vision correction business
include Star S4 IR®,
WaveScan Wavefront®,
Advanced CustomVue™,
IntraLase®
and IntraLasik®.
Products in the contact lens care line include disinfecting solutions,
enzymatic cleaners and lens rewetting drops. Among the eye care product
brands the company possesses are COMPLETE®,
COMPLETE®
Blink-N-Clean®,
Consept®F, Consept®
1 Step, Oxysept® 1
Step, UltraCare®,
Ultrazyme®, Total
Care™ and blink™
branded products. AMO is based in Santa Ana, California, and employs
approximately 4,200 worldwide. The company has operations in 24
countries and markets products in approximately 60 countries. For more
information, visit the company's Website at www.amo-inc.com.
Forward-Looking Statements
All forward-looking statements in this press release such as Mr. Mazzo’s
statements represent AMO's judgment only as of the date of this press
release. Actual results may differ from current expectations based on a
number of factors. Therefore, the reader is cautioned not to rely on
these forward-looking statements. AMO disclaims any intent or obligation
to update these forward-looking statements. Additional information
concerning these and other risk factors may be found in previous press
releases issued by AMO and AMO's public periodic filings with the
Securities and Exchange Commission, including the discussion under the
heading "Risk Factors" in AMO's 2006 Form 10-K filed March 2007 and its
Third Quarter Form 10-Q filed in November 2007. Copies of press releases
and additional information about AMO are available at www.amo-inc.com.