Dynatronics Corporation Announces Management Changes; Announces Designation of the New Therapy Products Division
February 21, 2018 at 08:00 am EST
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Dynatronics Corporation announced leadership changes to its Board of Directors and executive management team, including the separation of its chairmanship and chief executive officer positions. Kelvyn Cullimore, Chairman and, since 1992, President and Chief Executive Officer of Dynatronics, will step down from those roles. He will be replaced as Chief Executive Officer upon appointment of a successor, which is expected by June 30, 2018. Mr. Cullimore will continue to serve as a non-employee member of the Board of Directors. The company also announced the appointment of Erin S. Enright as Chairman of the Board of Directors effective immediately. Dynatronics' Board of Directors is implementing a transition process to allow a smooth transfer of Mr. Cullimore's responsibilities while it undertakes a search for a new CEO. The Board has formed a search committee, led by Ms. Enright, to identify and select a successor to Mr. Cullimore. Other members of the committee include independent directors Scott Klosterman, Chairman of the Board's Compensation Committee, and Brian Larkin. Erin S. Enright, has been appointed Chairman of the Board of Directors, effective immediately. She has been a director of the company since 2015 and has served as the Chairman of the Nominating and Governance Committee. Ms. Enright noted, "Under Kelvyn's leadership, numerous organizational and operational improvements have been made and new businesses and markets have been opened.
The company also announced the designation of the new Therapy Products Division, to be led by veteran medical device executive Brian Baker, effective immediately. As Dynatronics continues to lead the physical therapy market with world-class innovative products, this new division consolidates the company's legacy Utah and Tennessee activities under Baker's leadership. Baker will report to Mr. Cullimore until a successor CEO is appointed. Prior to joining Dynatronics, Mr. Baker served as Vice President, Global Operations for SeaSpine Holdings Corporation from July 2015 to January 2018, after serving as Vice President, Operations of the SeaSpine business within Integra LifeSciences Holdings Corporation from March 2015.
Dynatronics Corporation is a medical device company engaged in providing restorative products designed to accelerate achieving optimal health. The Company designs, manufactures, and sells a range of products for clinical use in physical therapy, rehabilitation, orthopedics, pain management, and athletic training. Through its distribution channels, the Company markets and sells to orthopedists, physical therapists, chiropractors, athletic trainers, sports medicine practitioners, clinics, and hospitals. The Company's products are marketed under a portfolio of brands, including Bird & Cronin, Solaris, Hausmann, PROTEAM, and Mammoth, among others. Its orthopedic soft bracing products are designed to accelerate health for patients both pre- and post-surgical intervention, and during fracture recovery, joint stabilization, and ligament injury. The Companyâs Solaris, Hausmann, PROTEAM, and Mammoth brands include products for physical therapy, rehabilitation, and athletic training.
DYNATRONICS CORPORATION 
