Urologix Names Greg Fluet as New CEO
MINNEAPOLIS, Jan. 30, 2013 (GLOBE NEWSWIRE) -- Urologix®, Inc. (Nasdaq:ULGX),
the leading provider of in-office BPH therapy, announced today that its Board
of Directors has appointed Greg Fluet as the company's Chief Executive
Officer, effective immediately. He has also been elected to the Company's
Board of Directors. Mr. Fluet joined Urologix as Executive Vice President and
Chief Operating Officer in July 2008 and served most recently as the Company's
interim CEO since November 2012.
"The board has complete confidence that Greg is the right person to lead
Urologix," said Mitchell Dann, Chairman of the Board."Greg has consistently
demonstrated his strong leadership ability, extensive understanding of the
healthcare industry, and sound judgment throughout his four years at
Urologix.His transition to interim CEO was seamless and he is already making
significant advancements within the Company."
As Chief Operating Officer, Mr. Fluet was responsible for all of the Company's
operations, global distribution and business development.He was instrumental
in the structuring of the 2011 Medtronic agreement for the distribution rights
to the Prostiva® RF Therapy product line.This agreement has allowed Urologix
to gain market leadership within Benign Prostatic Hyperplasia (BPH) in-office
treatments and opened up significant market development opportunities.Prior
to joining Urologix, Mr. Fluet was an Associate at Sapient Capital Management,
LLC, a venture capital firm focused on early stage healthcare investing. The
fund is focused primarily on minimally invasive therapeutic medical devices.
Mr.Fluet graduated from Stanford University with a Bachelor of Science degree
in mechanical engineering.
"BPH is one of the most common diseases faced by men over the age of 50 and
these patients deserve to have safe, effective, durable treatment options that
don't require chronic medication or invasive procedures," Mr. Fluet said. "I
am excited and privileged to have the opportunity to lead Urologix at this
significant junction in our business as we continue our mission to improve
patient's lives and realize the full-potential of our in-office procedures."
Urologix, Inc., based in Minneapolis, develops, manufactures, markets and
distributes minimally invasive medical products for the treatment of
obstruction and symptoms due to Benign Prostatic Hyperplasia (BPH). Urologix'
Cooled ThermoTherapy™ produces targeted microwave energy combined with a
unique cooling mechanism to protect healthy tissue and enhance patient
comfort.The Prostiva® RF Therapy System distributed by Urologix delivers
radio frequency energy directly into the prostate destroying prostate tissue,
reducing constriction of the urethra, and thereby relieving BPH symptoms.
Both of these therapies provide safe, effective and lasting relief of the
symptoms and obstruction due to BPH. Prostiva® is a registered trademark of
Medtronic, Inc., used under license. All other trademarks are the property of
If you'd like more information on this topic or would like to interview Mr.
Fluet, please contact Karen Jackson at 513-484-2987 or firstname.lastname@example.org
or to learn more about Urologix and its products and services, visit its
website at www.urologix.com.
The Urologix, Inc. logo is available at
CONTACT: Urologix Media Contact
Urologix Investor Relations Contact
Urologix, Inc. Logo
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