IRVINE, Calif., Feb. 25, 2013 /PRNewswire/ -- PRO-DEX, INC. (NasdaqCM: PDEX) announced today that its Board of Directors voted unanimously to combine the roles of Chief Executive Officer and Chief Financial Officer and appointed Harold A. Hurwitz to the position of Chief Executive Officer effective immediately. Mr. Hurwitz will retain his position as the Company's Chief Financial Officer. He succeeds Michael J. Berthelot, who had served as the Company's Chief Executive Officer since April 2012.
Mr. Hurwitz, 61, has served as the Company's Chief Financial Officer since 2010. From 2008 to 2010, Mr. Hurwitz was Vice President and Chief Financial Officer for Interventional Spine Inc., a medical device company focused on percutaneous systems for treatment of back pain. Prior to that, he was a Principal Consultant with McDermott & Bull, a retained executive search firm, where he specialized in serving the life science industry. From 1997 through 2004, Mr. Hurwitz was Vice President and Chief Financial Officer for Micro Therapeutics, Inc., a developer and manufacturer of interventional neurovascular medical devices, now part of Covidien plc. Mr. Hurwitz began his career with Coopers & Lybrand, L.L.P., now part of PricewaterhouseCoopers LLP, where he served for 22 years, leading its life science and high technology practices in Orange County.
Nick Swenson, Chairman of the Company's Board of Directors, commented, "Pro-Dex seeks to embrace the scale-enabled qualities of great small companies, such as flexibility and the potential of any one employee to understand the character, capability, and personality of any other company employee. We believe these characteristics will help achieve an environment that leads to improved freedom of information flow, a low requirement for strictures and first-hand knowledge about individual productivity, all of which should serve to increase Pro-Dex's ability to respond to customer needs, solve problems and innovate.""The board has confidence that Hal's thoughtful leadership style will bring out the best in Pro-Dex. Hal is a veteran of the medical device industry and his experience on the Pro-Dex senior leadership team gives him an in-depth knowledge of Pro-Dex's business. I believe that V.P. level leaders at Pro-Dex are also accomplished veterans in their respective domains. They appear eager to exercise their talents. The leadership of Pro-Dex is in very capable hands."
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