OrthoPediatrics Announces New CFO
July 28, 2016 at 4:25 p.m.
By Staff Report-
He also will join the OrthoPediatrics Board of Directors. Steve Miller, vice president of finance, and the company’s accounting group will report to Hite.
Hite comes to OrthoPediatrics after a 10-year career as CFO and investor relations director of Symmetry Medical Inc. During his tenure, Symmetry grew from a $165 million privately held contract manufacturer into a public company with over $400 million in revenue, including distribution of hospital surgical instruments, according to the company’s announcement.
Prior to joining Symmetry, Hite spent over 10 years at General Electric, holding finance positions at GE Appliances in Louisville, Ky., and GE Industrial Systems in Atlanta, Ga., and Fort Wayne. Hite has a bachelor’s degree in finance from Indiana University.
Mark C. Throdahl, OrthoPediatrics president and CEO, said in the announcement, “Adding an experienced CFO to OrthoPediatrics’ executive team marks an important step forward in the company’s development and advances our plans for a liquidity event. We are delighted that a leader of Fred’s stature is joining our company.”
Hite is quoted as saying, “I am extremely excited to be joining an outstanding team at OrthoPediatrics. I congratulate the entire organization, including the Board of Directors, on their tremendous growth and success to date, and I look forward to helping drive future strategic opportunities and continued success.”
Founded in 2007, OrthoPediatrics is a privately held maker of orthopedic surgical systems focused exclusively on products in children’s hospitals. The company experienced growth in recent years with the introduction of 16 surgical systems and distribution in more than 30 countries. In June, it closed on a $39 million investment from shareholders to fund an expansion that doubled its workforce in Warsaw.[[In-content Ad]]
He also will join the OrthoPediatrics Board of Directors. Steve Miller, vice president of finance, and the company’s accounting group will report to Hite.
Hite comes to OrthoPediatrics after a 10-year career as CFO and investor relations director of Symmetry Medical Inc. During his tenure, Symmetry grew from a $165 million privately held contract manufacturer into a public company with over $400 million in revenue, including distribution of hospital surgical instruments, according to the company’s announcement.
Prior to joining Symmetry, Hite spent over 10 years at General Electric, holding finance positions at GE Appliances in Louisville, Ky., and GE Industrial Systems in Atlanta, Ga., and Fort Wayne. Hite has a bachelor’s degree in finance from Indiana University.
Mark C. Throdahl, OrthoPediatrics president and CEO, said in the announcement, “Adding an experienced CFO to OrthoPediatrics’ executive team marks an important step forward in the company’s development and advances our plans for a liquidity event. We are delighted that a leader of Fred’s stature is joining our company.”
Hite is quoted as saying, “I am extremely excited to be joining an outstanding team at OrthoPediatrics. I congratulate the entire organization, including the Board of Directors, on their tremendous growth and success to date, and I look forward to helping drive future strategic opportunities and continued success.”
Founded in 2007, OrthoPediatrics is a privately held maker of orthopedic surgical systems focused exclusively on products in children’s hospitals. The company experienced growth in recent years with the introduction of 16 surgical systems and distribution in more than 30 countries. In June, it closed on a $39 million investment from shareholders to fund an expansion that doubled its workforce in Warsaw.[[In-content Ad]]
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