Ossur changes
Ted Trower
Description
Collection
Title:
Ossur changes
Creator:
Ted Trower
Date:
11/12/2003
Text:
Looks like the Icelandic takeover of the management of Ossur's American
purchases is nearly complete. This is from the brokerage house that trade
Ossur's stock.
>An agreement has been reached with Mr. Gary Wertz, President of Ossur
>North America, and three sales and marketing managers at Ossur North
>America, providing for the termination of their employment for Ossur hf.
>as of 10 November 2003. The post of Vice President of Ossur North America
>will be taken over by Mr. Eythor Bender.
>
>Eythor has been with the company since 1995 amongst other tasks the
>Managing Director of Ossur in Luxembourg, Europe and his previous position
>being the VP of Sales and Marketing at Ossur hf. Eythor has been a member
>of the Ossur Management team since 1995.
>
>The estimated cost of the severance agreements is USD 900,000. The entire
>cost will be expensed in the fourth quarter of 2003.
<URL Redacted>
Looks like Ossur has been spending it's cash to prop up it's stock price as
well. Strangely sales in North America seem to be off significantly.
Ted A. Trower C.P.O.
A-S-C Orthotics & Prosthetics
Jackson, Michigan, USA
www.amputee.com
___________________________________________________________
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COPIED TO, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED, CONFIDENTIAL,
AND EXEMPT FROM DISCLOSURE UNDER THE APPLICABLE LAW. ANY DISSEMINATION,
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WRITTEN CONSENT OF ITS SENDER.
purchases is nearly complete. This is from the brokerage house that trade
Ossur's stock.
>An agreement has been reached with Mr. Gary Wertz, President of Ossur
>North America, and three sales and marketing managers at Ossur North
>America, providing for the termination of their employment for Ossur hf.
>as of 10 November 2003. The post of Vice President of Ossur North America
>will be taken over by Mr. Eythor Bender.
>
>Eythor has been with the company since 1995 amongst other tasks the
>Managing Director of Ossur in Luxembourg, Europe and his previous position
>being the VP of Sales and Marketing at Ossur hf. Eythor has been a member
>of the Ossur Management team since 1995.
>
>The estimated cost of the severance agreements is USD 900,000. The entire
>cost will be expensed in the fourth quarter of 2003.
<URL Redacted>
Looks like Ossur has been spending it's cash to prop up it's stock price as
well. Strangely sales in North America seem to be off significantly.
Ted A. Trower C.P.O.
A-S-C Orthotics & Prosthetics
Jackson, Michigan, USA
www.amputee.com
___________________________________________________________
CONFIDENTIALITY NOTICE
THIS E-MAIL TRANSMISSION, INCLUDING ANY ATTACHMENT, IS INTENDED ONLY FOR
THE USE OF THE INDIVIDUAL PERSON OR PERSONS TO WHICH IT IS ADDRESSED OR
COPIED TO, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED, CONFIDENTIAL,
AND EXEMPT FROM DISCLOSURE UNDER THE APPLICABLE LAW. ANY DISSEMINATION,
DISTRIBUTION OR COPYING OF THIS COMMUNICATION IS PROHIBITED WITHOUT THE
WRITTEN CONSENT OF ITS SENDER.
Citation
Ted Trower, “Ossur changes,” Digital Resource Foundation for Orthotics and Prosthetics, accessed November 6, 2024, https://library.drfop.org/items/show/222080.
