OAKLAND, Calif., Aug. 31 /CNW/ -- World Heart Corporation (WorldHeart)
(Nasdaq: WHRT, TSX: WHT), a developer of mechanical circulatory support
systems, today announced the appointment of Mr. David Pellone as Vice
President, Finance and Chief Financial Officer. Mr. Richard Juelis, the
departing CFO, will provide consulting services through the end of the year to
assist with the transition and with certain specific projects.
Mr. Pellone is an experienced financial executive with a track record of
success with technology companies. He has extensive experience as Vice
President of Finance and Chief Financial Officer with a number of companies.
His prior work experience includes Condor Power Supplies Incorporated, Flash
Electronics Incorporated, RAE Systems Incorporated, AG Associates,
Incorporated and the Medical Products and Services Division of 3M Corporation.
He has also consulted with several companies, including WorldHeart, in areas
ranging from public reporting to internal controls compliance.
"We are delighted to have David Pellone join WorldHeart as CFO. He
brings a wealth of financial expertise to WorldHeart including experience with
public technology companies," said Jal S. Jassawalla, WorldHeart's President
and Chief Executive Officer. "I would like to thank Rich Juelis, personally
and on behalf of WorldHeart, for his many contributions in completing and
integrating the acquisition of MedQuest, the developer of our Levacor(TM) VAD,
and the streamlining of operations and finance functions. We also look
forward to his transitional assistance to WorldHeart."
World Heart Corporation is a developer of mechanical circulatory support
systems with leading next-generation technologies, headquartered in Oakland,
California, with additional facilities in Salt Lake City, Utah and in the
Netherlands. WorldHeart's registered office is Ottawa, Ontario, Canada.
For further information:
For further information: Mr. David Pellone, +1-510-563-4775, or Liezl P.
Boehnlein, +1-510-563-4747, both of World Heart Corporation; or Mr. Stephen
Laird of Genesis Select Corporation, +1-203-341-0214 Web Site: