InfuSystem Holdings, Inc. (NYSE American: INFU) (“InfuSystem” or
the “Company”), a leading national health care service provider,
facilitating outpatient care for durable medical equipment
manufacturers and health care providers, announced today the
appointment of Ronald Hundzinski, as an independent director to
InfuSystem’s Board of Directors, effective November 12, 2024. Mr.
Hundzinski will serve as a director until he stands for election at
InfuSystem’s next Annual Shareholders meeting in May 2025.
Scott Shuda, Chairman of InfuSystem’s Board of Directors, said,
“We are pleased to welcome Ron to InfuSystem’s Board. He adds both
accounting and finance depth to our oversight and committee work
and brings significant operating experience and acumen that will be
valuable as the Company increasingly diversifies its business.
Ron’s credentials include serving for the past four years as
Chairman of the Board of Directors of Gentherm, Inc., a more than
billion-dollar market capitalization public company. Ron’s
experience qualifies him as an “audit committee financial expert”
and he previously chaired Gentherm’s audit committee.”
“I am excited by the opportunity to serve as a director of
InfuSystem,” said Ron Hundzinski. “The Company is emerging as an
important health care services company, offering a range of safe,
smart and trusted device solutions that improve outcomes for
patients and their health care providers while also lowering costs
for health care payors and InfuSystem’s business partners. I look
forward to being part of the team and contributing to the ongoing
success of the Company.”
Mr. Hundzinski, 65, retired in 2023 after a distinguished career
serving as CFO and other key leadership roles with several public
companies. He has been a director at Gentherm, Inc., a thermal
management and pneumatic comfort technologies company for the
automotive and medical industries, since 2016 and is currently
Chairman of the Board at Gentherm. Mr. Hundzinski served as the
Chief Financial Officer and an Executive Director of TI Fluid
Systems from January 2020 until his retirement in April 2023.
Previously, he served as the Executive Vice President of Finance
for Tenneco Inc. from January 2018 to December 2019. From 2012 to
2018, Mr. Hundzinski served as the Executive Vice President and
Chief Financial Officer of BorgWarner, Inc. During his career with
BorgWarner, he held a range of finance leadership positions
including Treasurer, Principal Accounting Officer, and Vice
President of Finance for the BorgWarner Turbo Systems business. Mr.
Hundzinski holds a Bachelor of Business Administration in Finance
from Western Michigan University and a Master of Business
Administration from the University of Colorado.
About InfuSystem Holdings, Inc.
InfuSystem Holdings, Inc. (NYSE American: INFU), is a leading
national health care service provider, facilitating outpatient care
for durable medical equipment manufacturers and health care
providers. INFU services are provided under a two-platform model.
The first platform is Patient Services, providing the last-mile
solution for clinic-to-home healthcare where the continuing
treatment involves complex durable medical equipment and services.
The Patient Services segment is comprised of Oncology, Pain
Management and Wound Therapy businesses. The second platform,
Device Solutions, supports the Patient Services platform and
leverages strong service orientation to win incremental business
from its direct payer clients. The Device Solutions segment is
comprised of direct payer rentals, pump and consumable sales, and
biomedical services and repair. Headquartered in Rochester Hills,
Michigan, the Company delivers local, field-based customer support
and also operates Centers of Excellence in Michigan, Kansas,
California, Massachusetts, Texas and Ontario, Canada.
Forward-Looking Statements
Certain statements contained in this press release are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, such as statements
relating to future actions, business plans, strategic partnerships,
growth initiatives, objectives and prospects, future operating or
financial performance, guidance and expected new business
relationships and the terms thereof (including estimated potential
revenue under new or existing contracts). The words “believe,”
“may,” “will,” “estimate,” “continue,” “anticipate,” “intend,”
“should,” “plan,” “goal,” “expect,” “strategy,” “future,” “likely,”
variations of such words, and other similar expressions, as they
relate to the Company, are intended to identify forward-looking
statements. Forward-looking statements are subject to factors,
risks and uncertainties that could cause actual results to differ
materially, including, but not limited to, our ability to
successfully execute on our growth initiatives and strategic
partnerships, our ability to enter into definitive agreements for
new business relationships on expected terms or at all, our ability
to generate estimated potential revenue amounts under new or
existing contracts, our dependence on estimates of collectible
revenue, potential litigation, changes in third-party reimbursement
processes, changes in law, global financial conditions and
recessionary risks, rising inflation and interest rates, supply
chain disruptions, systemic pressures in the banking sector,
including disruptions to credit markets, the Company’s ability to
remediate its previously disclosed material weakness in internal
control over financial reporting, contributions from acquired
businesses or new business lines, products or services and other
risk factors disclosed in the Company’s most recent annual report
on Form 10-K and, to the extent applicable, quarterly reports on
Form 10-Q. Our strategic partnerships are subject to similar
factors, risks and uncertainties. All forward-looking statements
made in this press release speak only as of the date hereof. We do
not undertake any obligation to update any forward-looking
statements to reflect future events or circumstances, except as
required by law.
Additional information about InfuSystem Holdings, Inc. is
available at www.infusystem.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241118735432/en/
Joe Dorame, Joe Diaz & Robert Blum Lytham Partners, LLC
602-889-9700
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