LEESBURG, Va., Oct. 04, 2017 (GLOBE NEWSWIRE) -- K2M Group Holdings, Inc.(NASDAQ:KTWO), a global leader of complex spine and minimally invasive solutions focused on achieving three-dimensional Total Body Balance™, today announced that President and Chief Executive Officer Eric Major has been elected Chairman of the Company’s Board of Directors, effective immediately. Major succeeds Dan Pelak, who will assume the role of Independent Lead Director after serving as Chairman since 2010.
“On behalf of our Board, I am pleased that Eric Major will serve as our next Chairman at a time when K2M is defining itself as a preeminent spinal device company of the future,” said Pelak. “Eric’s leadership experience, industry expertise and vision of excellence in spinal innovation make him the ideal person to lead our Board of Directors, and I look forward to supporting him in his new role.”
Major, a co-founder of the Company, has served as K2M’s President, Chief Executive Officer, and a Director since January 2004.
“It is truly an honor to succeed Dan Pelak, whose tenure as Chairman is marked by significant achievement and success at K2M,” said Major. “I have also had the great opportunity to work with our founding Chairman and present Chief Medical Officer, Dr. John Kostuik, who helped to inspire a surgeon- and patient-focused culture. I look forward to continued cross-collaboration between our executive team and our Board. Innovation remains at the core of our Company as we strive to create value for our shareholders by helping surgeons to care for patients around the world who suffer from debilitating spinal pathologies.”
K2M Group Holdings, Inc. is a global leader of complex spine and minimally invasive solutions focused on achieving three-dimensional Total Body Balance. Since its inception, K2M has designed, developed, and commercialized innovative complex spine and minimally invasive spine technologies and techniques used by spine surgeons to treat some of the most complicated spinal pathologies. K2M has leveraged these core competencies into Balance ACS™, a platform of products, services, and research to help surgeons achieve three-dimensional spinal balance across the axial, coronal, and sagittal planes, with the goal of supporting the full continuum of care to facilitate quality patient outcomes. The Balance ACS platform, in combination with the Company’s technologies, techniques and leadership in the 3D-printing of spinal devices, enable K2M to compete favorably in the global spinal surgery market. For more information, visit www.K2M.com and connect with us on Facebook, Twitter, Instagram, LinkedIn and YouTube.