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8-K - FORM 8-K - DYNATRONICS CORP | dynt_8k000.htm |
Exhibit 99.1
Dynatronics Appoints John A. Krier as Chief Financial
Officer
Cottonwood Heights, Utah (March 23, 2020) –
Dynatronics
Corporation (NASDAQ:DYNT), a leading manufacturer of
athletic training, physical therapy, and rehabilitation products,
today announced the appointment of John A. Krier as Chief Financial
Officer (CFO), effective March 23, 2020. Krier will report to the
company’s President and Chief Executive Officer, Brian Baker,
and will lead the company’s finance, accounting, and investor
relations functions as well as the commercial teams. He succeeds
David A. Wirthlin as Dynatronics’ CFO, who will be leaving
the company to pursue other opportunities.
Most
recently, Krier was Vice President of Marketing at Breg, Inc., a
significant Dynatronics’ customer, where his work included
executive leadership for Breg’s bracing product and
technology marketing teams, including integrated applications with
healthcare systems, service solutions with third-party payer
reimbursement, and customer experience. Prior to joining Breg,
Krier was President of Viscent, LLC, an orthopedic bracing supplier
acquired by Breg in October 2014, where the company grew revenue
nearly four-fold through acquisitions and organic growth in the
three years under his leadership. Krier began his career as a
Certified Public Accountant for Deloitte where he advanced to
senior manager with responsibility for clients primarily in the
life sciences and healthcare sector with project responsibilities in
additional industries.
"John
is a seasoned business executive with a diverse set of
multi-functional leadership experiences. He brings extensive
experience in strategy, marketing, and executive leadership in the
medical device industry, in addition to his finance and accounting
credentials," explained Baker. “I am confident in his ability
to not only lead our finance organization, but also to contribute
significantly to the overall leadership of the company and to the
execution of our commercial strategy and business
plan.”
“I
am very pleased to join Dynatronics,” said Krier. “This
is a company with a longstanding reputation for excellence in
physical therapy, athletic training, and restorative products. I am
excited to join the management team and contribute to the success
of the business at such a transformative time for the
company.”
“I
also want to personally thank our outgoing CFO, David Wirthlin, for
his contributions to Dynatronics over the past several
years,” added Baker. “David was instrumental in the
company’s acquisitions and integrations of Hausmann and Bird
& Cronin. He established and managed our banking relationship,
and he significantly upgraded our budgeting and reporting
processes. We wish him the best as he has chosen to pursue other
opportunities.”
Krier
resides in Minneapolis and will operate from the company’s
Eagan, Minnesota facility, which, with the addition of Krier now
houses the principal executive offices of the company.
About Dynatronics Corporation
Dynatronics is a
leading medical device company committed to providing high-quality
restorative products designed to accelerate achieving optimal
health. The company designs, manufactures, and sells a broad range
of products for clinical use in physical therapy, rehabilitation,
pain management, and athletic training. Through its distribution
channels, Dynatronics markets and sells to orthopedists, physical
therapists, chiropractors, athletic trainers, sports medicine
practitioners, clinics, hospitals, and consumers. The company
products are marketed under a portfolio of high-quality, well-known
industry brands including Bird & Cronin®,
Solaris™, Hausmann™,
Physician’s Choice®, and
PROTEAM™, among others. More information is available at
www.dynatronics.com.
Contact:
Dynatronics
Corporation
Investor
Relations
Skyler
Black
(801)
676-7201
skyler.black@dynatronics.com
For
additional information, please visit: www.dynatronics.com
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