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Volcano’s chairman to resign

Volcano, a manufacturer of intravascular ultrasound and functional measurement technology, has announced that Olav Bergheim, the company's chairman of the board, will resign from the board of directors effective as of the close of business on January 1, 2009.

A co-founder of Volcano, Mr Bergheim is the managing director of Fjord Ventures, a venture capital firm he founded, and has served as chairman of Volcano’s board since 2001.

Scott Huennekens, president and CEO of Volcano, said: “We are very grateful for Olav’s counsel and wisdom. He has played a significant role as a company founder and in fostering our growth.”