HOUSTON, Oct. 10, 2011 /PRNewswire/ -- Cyberonics, Inc. (NASDAQ: CYBX), a global leader in medical devices for the treatment and management of epilepsy, today announced the resignation of James A. Reinstein, Senior Vice President & Chief Commercial Officer, due to personal reasons. Mr. Reinstein's resignation is effective April 27, 2012, the end of the company's current fiscal year. Until that time, he will assist the company in the transitioning of his responsibilities.
"I'd like to thank James for his important contributions to our growing and profitable epilepsy business. He has helped establish and expand a world-class, high-performance sales and marketing team that continues to deliver sustained revenue growth quarter after quarter," commented Dan Moore, Cyberonics' President & Chief Executive Officer.
In order to ensure a seamless transition, Mr. Reinstein will assist in shifting his responsibilities to other experienced members of the company's sales management team. He will continue to lead our European business until his departure, while working with our partners in Japan and China, among others, to accelerate development of these important markets for Cyberonics.
Mr. Moore concluded, "Given the high-quality, senior global sales team currently in place at Cyberonics, we do not intend to seek a replacement for Mr. Reinstein at this time. In particular, Mark Verratti, who was recently named Vice President of Sales, The Americas, Asia & EMMEA (Eastern Mediterranean, Middle East, and Africa), will continue in this role. Mark has led our U.S. sales team since 2007, and has been a key contributor to our sales management team since he joined the company in 2005. His capable leadership will assure our ability to continue to deliver sustained revenue growth. I look forward to working closely with him in the c
|SOURCE Cyberonics, Inc.|
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