HeartBeam Names Timothy Cruickshank as CFO

HeartBeam has appointed Timothy Cruickshank as its new chief financial officer (CFO), effective immediately. He succeeds long-time HeartBeam CFO Richard Brounstein, who has been serving in an advisory capacity since retiring in February.
 
Cruickshank was a financial exec of ImpediMed since 2008 and was the company’s CFO from October 2019 through March 2024. ImpediMed designs and manufactures medical devices and software services that use its bioimpedance spectroscopy (BIS) technology for indications including heart failure, protein calorie malnutrition, and lymphedema within oncology.
 
During his time at ImpediMed, Cruickshank lead the company’s evolution from a traditional medical device company to a medtech company with a high-margin Software-as-a-Service (SaaS) business model, through launch of the SOZO digital health platform.
 
“The ability of HeartBeam’s unique technology to unlock actionable heart intelligence from three dimensions for a range of cardiac conditions is truly compelling to me,” said Cruickshank. “I am excited to join the Company at this pivotal time and look forward to working with the team to commercialize this impactful innovation, drive financial excellence and expand our impact to ultimately improving cardiac care for patients.”
 
HeartBeam’s cable-free, credit card-sized device captures the heart’s electrical signals from three dimensions and was designed to be capable of synthesizing a 12-lead ECG. The company’s first 510(k) submission for its proprietary technology is under FDA review.
 
“Tim has an outstanding record of delivering results and creating value and will be a strong partner in ensuring we have a solid financial position as we strive to make our vision to transform the monitoring and detection of cardiac conditions a reality,” said Branislav Vajdic, Ph.D., founder and CEO of HeartBeam. “We thank Rick for his leadership over the past 9 years as he worked tirelessly to establish the strong financial foundation for the company which will continue to serve us well moving forward.”