Intersect ENT Announces Appointment of New Chief Financial Officer

Richard A. Meier to serve as Executive Vice President and Chief Financial Officer

MENLO PARK, Calif.–(BUSINESS WIRE)–Intersect ENT^®, Inc. (NASDAQ:XENT), a company dedicated to transforming care for patients with ear, nose and throat conditions, today announced the appointment of Richard A. (Randy) Meier as Executive Vice President and Chief Financial Officer, effective November 26, 2019.

Mr. Meier previously served as the Chief Financial Officer and senior executive of Owens & Minor, Inc., a global healthcare services company, including as President-International and Executive Vice President and Chief Financial Officer of Owens & Minor from 2013 to 2018, and as Executive Vice President and Chief Financial Officer from 2013 to 2015. Prior to joining Owens and Minor, Meier served as Executive Vice President and Chief Financial Officer at Teleflex, Inc., a global medical device company, from 2010 to 2012. He served as President and Chief Operating Officer of Advanced Medical Optics, Inc., from 2007 to 2009, when the company was acquired as a wholly owned subsidiary of Abbott Laboratories. Meier joined Advanced Medical Optics, a global ophthalmic medical device company, as Corporate Vice President and Chief Financial Officer in 2002 and continuously served as Chief Financial Officer while simultaneously performing in a variety of finance and operations roles between 2002 and 2007. Meier also worked for ICN Pharmaceuticals Inc., now Bausch Health, a global pharmaceutical company, from 1998 to 2002, where he served as Executive Vice President and Chief Financial Officer, and as Treasurer.

“Randy brings an impressive range of finance and operations expertise as well as device and pharmaceutical experience to this important Intersect ENT role,” said Thomas A. West, President and Chief Executive Officer of Intersect ENT. “Randy’s deep functional acumen and broad healthcare industry expertise will be a valuable addition to the executive team as the company aims to accelerate growth. I look forward to having him as a member of the Intersect ENT executive team and as a partner going forward.”

Meier serves on the board of BioMarin Pharmaceuticals, Inc. (NASD: BMRN), where he is Lead Independent Director. Meier is a graduate of Princeton University with a major in economics.

As previously announced, Jeryl (Jeri) Hilleman, Intersect ENT’s prior Chief Financial Officer, stepped down from the position as part of a planned transition allowing her to focus on board responsibilities outside of Intersect ENT. Ms. Hilleman has agreed to remain in an advisory capacity into 2020 to assist with Mr. Meier’s transition.

“I want to take this opportunity to thank Jeri for her many meaningful contributions to Intersect ENT since joining the company in 2014. We wish her the very best in the next phase of her career,” said Mr. West.

About Intersect ENT^®

Intersect ENT is dedicated to transforming ear, nose and throat care by providing innovative, clinically meaningful therapies to physicians and patients. The company’s steroid releasing implants are designed to provide mechanical spacing and deliver targeted therapy to the site of disease. In addition, Intersect ENT is continuing to expand its portfolio of products based on the company’s unique localized steroid releasing technology and is committed to broadening patient access to less invasive and more cost-effective care.

For additional information on the company or the products including risks and benefits please visit www.IntersectENT.com.

Intersect ENT is a registered trademark of Intersect ENT, Inc.

Contacts

Media Contact:
Amy Cramer

650.391.3714

[email protected]

Investor Contact:
Richard A. Meier

650.641.2100

[email protected]