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ZELTIQ(R) Aesthetics Appoints Mark J. Foley As President And Chief Executive Officer

Stocks in this article: ZLTQ

PLEASANTON, Calif., Aug. 24, 2012 (GLOBE NEWSWIRE) -- ZELTIQ Aesthetics, Inc. (Nasdaq:ZLTQ) a medical technology company focused on developing and commercializing products utilizing its proprietary controlled-cooling technology platform, today announced that it has appointed Mark J. Foley as President and Chief Executive Officer, effective immediately. Mr. Foley previously served as Interim President and CEO since April 2012 and as a member of the Board of Directors since 2009. 

Bryan Roberts, Ph.D., Chairman of ZELTIQ's Nominating and Governance Committee and a Partner at Venrock, commented, "We are very pleased that Mark will be serving as President and CEO on a permanent basis. With 25 years of experience in the medical device industry, and an in-depth understanding of ZELTIQ's business, Mark was the ideal candidate for the CEO role. Under Mark's leadership as interim CEO, ZELTIQ delivered a very strong Q2 performance and made significant progress in strengthening and streamlining the organization. We have great confidence that he will be successful in executing ZELTIQ's growth strategy and building on our position as the market leader in non-surgical fat reduction."

Prior to Mr. Foley's appointment as Interim President and CEO, he served on the Company's Board of Directors since 2009 and held the position of Executive Chairman until May 2010. Mr. Foley has 25 years of medical device operating, investment, board, and CEO experience. Mr. Foley currently serves as a Managing Director for RWI Ventures, Executive Chairman for Onpharma, Senior Advisor to TauTona Group, and as a Director for Sonitus Medical and Voyage Medical.  Mr. Foley's prior experience includes a variety of senior operating roles with large cap companies and venture-backed start-up's such as US Surgical Corporation, Guidant, DVI (acquired by Eli Lilly), Perclose (acquired by Abbott) and Ventrica (acquired by Medtronic) where he was the founder and CEO. Mr. Foley received his B.A. from the University of Notre Dame.

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