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News

Board changes at Implant Sciences

Implant Sciences : 04 August, 2008  (Company News)
New Chief Financial Officer at Implant Sciences to focus on the company’s short term growth
Implant Sciences Corporation has announced that Glenn Bolduc has joined the executive team as Chief Financial Officer. Mr Bolduc will report to Phillip Thomas, President and CEO, and will be responsible for leading all aspects of the Company’s financial management program. Diane Ryan, the Company’s former Chief Financial Officer, will remain with the Company as Vice President, Administration.

“We are very pleased Glenn Bolduc has joined our team as our Chief Financial Officer,” said Phillip Thomas. “He brings a proven track record as a CFO with strong expertise in financial management, investor relations, and government compliance efforts. Glenn’s experience in helping to grow technology-based companies is expected to be an important asset to the Company as we continue our reinvention and turnaround program. We look forward to his contributions as we continue to grow and reshape the Company.”

Glenn Bolduc, Implant Sciences’ new CFO, indicated, “After considerable exposure to the Company, it is clear that Implant Sciences has made significant progress in the past year to reposition itself to improve its overall cash position and strengthen the management team, while focusing on opportunities in the Safety, Security and Defence market. I’m very impressed with where the Company stands after all the changes made during this time and it is readily apparent to me that the Company is poised for new growth and profitability. As such, I am excited to join the Implant Sciences team and look forward to using my skills and experience to improve the Company’s internal financial processes, our recurring reporting efforts, and the Company’s overall financial position with the goal being sustained profitability and continuing compliance with all our financial reporting requirements.”

Mr Bolduc has more than 25 years of executive financial leadership experience at multiple public and private technology and services companies, including as a principal of Radius Advisors, a privately held advisory services firm, where he helped high tech and services-oriented businesses develop operational business plans. He also served as CFO at Connected Corporation, a leading software developer of backup software for PCs and laptops, which was sold to Iron Mountain. He was also president and CEO of Vialog Corporation, a consolidator within the teleconferencing service bureau industry, and Chief Financial Officer at MultiLink, Concord Data Systems and Kronos. Mr Bolduc began his career as a senior accountant at Price Waterhouse after graduating with a BSc in accounting from Fairleigh Dickinson University.
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