CARLSBAD, California—Breg, Inc, an innovation-driven medical device and software solutions company, announced multiple organizational leadership changes.
Dave Mowry has been appointed chief executive officer (CEO) and will serve as chairman of the board. Additionally, Breg has appointed Matt Simons as the new chief financial officer and appointed Steve Ingel as executive vice president and chief commercial officer.
Simons is an experienced senior financial executive with more than 25 years of strategic financial leadership experience. In this new role, he will lead Breg's finance initiatives, business development efforts and accounting and finance teams.
Ingel will lead the marketing, billing, customer care, national accounts, impact solutions and domestic and international sales teams in his new role. With more than 30 years of experience in the orthopedic bracing and support industry, Ingel brings valuable expertise to the Breg organization.
"After an evaluation of the business and market, during my time serving as interim CEO, my optimism about Breg's vast opportunities has only grown,” said Mowry. “We are excited about becoming the leader in an under-appreciated market segment. We are already building momentum within the business as we shift the focus toward true innovation and category and channel expansion. We have a long road ahead, but I have great confidence in the team as we build discipline and consistency to achieving our financial objectives, both in the short and long term."
"The Board unanimously supported the decision to install Dave in this critical role,” said Vickie Capps, board member of Breg. “He is the right choice to lead Breg, given his exceptional track record of creating value for the shareholders and his extensive knowledge of the medical device industry, specifically within the orthopedic sector."
The company said its newly restructured organization leverages new and existing talent, enhances cross-functional collaboration, consolidates complementary functions and strengthens accountability. With this refined executive structure, Breg aims to meet its commitments to patients, health care providers and employees.
"Partnering with our new owners, a newly established, industry-experienced board of directors and a talented and well-respected leadership team is a tremendous honor,” said Mowry. “Matt, Steve and I are truly excited to represent such a well-known and respected orthopedic brand. Together, we intend to leverage Breg's long-standing commitment to clinical outcomes and support for the providers and a renewed alignment with our distribution partners to become the leading global pure-play bracing and support business.”
