The company also announced preliminary unaudited revenue results for the fourth quarter and full year 2016.
"We are pleased to announce these management promotions, as we continue to strengthen our leadership team and prepare for the next stage of growth. Tom Williamson has a 20-year career in sales and has been with Entellus for over five years with demonstrated success in sales leadership, mentoring and development, and strategic account management. We thank Jim Surek for his many contributions to our sales team during his tenure as vice president of sales, and we wish him well," said Robert White, president and CEO of Entellus Medical. “Entellus closed 2016 with strong fourth quarter revenue marked by the ongoing advancement of our presence in the office setting. Our progress has been driven by consistent and ongoing investment in new products and market development, which we believe further fuels our positive momentum as we enter the new year.”
Williamson was promoted to vice president of sales from regional vice president of sales. Over his five years with Entellus, Williamson has been a consistent top-producing sales executive with substantial selling and managing experience and a proven track record of territory development, sales growth and team leadership. He has hired and trained more than 30 sales representatives, developed and promoted six district sales managers and created a new strategic account management role at Entellus. Immediately prior to joining Entellus, Williamson worked for Stryker Corp., most recently as national sales director for the Interventional Spine Division.
Burnham was promoted to vice president and general counsel from senior director and corporate compliance counsel. Burnham has extensive experience as a corporate attorney in highly competitive and regulated industries for global enterprises engaged in manufacturing and distribution. Prior to joining Entellus in February 2016, she served as vice president, general counsel and secretary of Patterson Companies, a full-service distributor to specialty markets, and before that, was a member of the legal team at Kimberly-Clark Corporation, where she counseled its North American Consumer Products sales team, among other roles. Burnham began her career as a litigation attorney with the Minneapolis, Minn.-based law firm of Merchant & Gould. She also serves on the board of directors of Living Well Disabilities Services, a Minnesota-based nonprofit.
Preliminary and Unaudited Fourth Quarter and Full Year 2016 Revenue
Preliminary and unaudited revenue for the fourth quarter 2016 is expected to range between $21.5 million and $21.7 million, reflecting growth of approximately 20 percent over the fourth quarter of 2015. Foreign currency exchange rates negatively impacted fourth quarter 2016 revenue by approximately $0.1 million.
Preliminary and unaudited revenue for the full year 2016 is expected to range between $75 million and $75.2 million, reflecting growth of approximately 22 percent over full-year 2015. Foreign currency exchange rates negatively impacted full year 2016 revenue by approximately $0.2 million.
The Entellus Medical platform of products provides solutions to simplify everything from diagnosis and patient selection, to complex case revisions and post-operative care. Entellus Medical’s three core product lines, XprESS Multi-Sinus Dilation Systems, MiniFESS Surgical Instruments, and FocESS Imaging & Navigation, combine to enable ENT physicians to conveniently and comfortably perform a broad range of procedures in the office and simplify OR based treatment. The company is based in Plymouth, Minn.