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Calypso Medical Announces Executive Changes

Calypso Medical Technologies, Inc. (Calypso Medical), a in vitro diagnostic device company, has appointed Jed Palmacci as vice president, global sales and customer solutions of the company, Lorraine Marshall Wright as vice president, chief marketing officer of the company. In addition, Ed Vertatschitsch, who previously served as vice president, engineering, assumes the new position of senior vice president of operations.

In this new role, Vertatschitsch will oversee all engineering, clinical, information technology and manufacturing operations

Jed Palmacci has widespread experience building and managing global sales organizations within successful medical device companies, selling high value capital equipment as well as proprietary consumable products. Jed has a proven track record of achievement: during his time at Siemens Medical, he built the sales and service organizations into the worldwide market leader for interventional cardiac ultrasound. More recently as vice-president at Hansen Medical, Jed built the sales and service organizations from the ground up to successfully lead the market for electrophysiology robotics.

Lorraine Marshall Wright brings more over 20 years of experience in medical device marketing to Calypso Medical. For more than a decade as the principal consultant for the Parallax Group, Lorraine managed a broad range of marketing projects from strategic planning to product commercialization. Her client list included a variety of corporations and investor groups including Hansen Medical, Intuitive Surgical and Boston Scientific. Prior to starting her consultancy, Lorraine held a variety of marketing positions at Acuson Corporation (now Siemens Medical Solutions) and Philips Medical Systems.

“The expansion of our management team reflects the sustained growth and increasing market penetration of the Calypso 4D Localization System, which we forecast to continue throughout 2009,” said Eric R. Meier, president and chief executive officer of Calypso Medical. “We are pleased to welcome Jed and Lorraine, who bring to Calypso a wealth of industry experience and leadership, highlighted by an outstanding balance of business acumen and strong interpersonal and management skills. In addition, the promotion of Ed Vertatschitsch is a well-deserved recognition of his many contributions to the company.”