Mark McGowan Joins CombiMatrix Board of Directors
Companies:Combimatrix Corporation
Press Release Source: CombiMatrix Corporation On Monday January 25, 2010, 6:00 am EST
MUKILTEO, Wash., Jan. 25, 2010 (GLOBE NEWSWIRE) -- CombiMatrix Corporation (Nasdaq:CBMX - News) today announced the appointment of Mark McGowan to the company's Board of Directors. Mr. McGowan's appointment became effective January 21, 2010.
Mark P. McGowan is the managing member of SAF Capital Management LLC, a value-oriented investment firm which he founded in November 2006. Prior to forming SAF Capital Management LLC, Mr. McGowan was Co-founder and Managing Partner of MPG Capital Management LLC, an equity market research firm which derived and licensed statistically validated algorithmic trading models and investment strategies for wealthy individuals and institutional investors. Mr. McGowan previously worked within the Consumer and Market Knowledge function of Procter & Gamble, where he was instrumental in shaping marketing strategies for multiple brands, as well as leading Market Mix Modeling and the development of macroeconomic forecasting capabilities within Procter & Gamble's Homecare division. Mr. McGowan performed two cooperative assignments with Johnson & Johnson; working within global operations for Johnson & Johnson subsidiary Ethicon Endo Surgery and in domestic operations for Johnson & Johnson's Consumer Products headquarters. Mr. McGowan received his Bachelor of Science in Microbiology, with a focus in Genomics and Molecular Genetics, from Michigan State University.
"We are pleased to have Mark join our Board at a time when CombiMatrix can benefit from his background in marketing, strategy, and analytics at firms like P&G and Johnson & Johnson," stated Dr. Amit Kumar, President and CEO of CombiMatrix. "Mark brings a fresh perspective to the company with his finance expertise, as well as his operational experience at some of the most respected companies in the world."
"The advancement and adoption of genetic sciences will play an increasingly significant role in the future diagnosis, prognosis and treatment of cancer and other diseases," stated Mr. McGowan. "The comparative advantages of CombiMatrix's molecular diagnostics technology provide an opportunity for the company to become a vanguard within the field of personalized medicine. I look forward to working in conjunction with CombiMatrix leadership as we seek to commercialize these socially important assets while maximizing intrinsic value on a per share basis for company stakeholders |
