Additionally, John Creecy, CEO of Remeditex Ventures, has retired from the board following a seven-year tenure.
Shimer will join eight other directors, four of whom are independent under the rules and regulations of the U.S. Securities and Exchange Commission, and will chair the board’s Compensation Committee.
“Julie is an accomplished business leader and an experienced board member who brings a wealth of executive leadership skills and experience to our board from a variety of industries and settings,” said Rich Meelia, chairman of Apollo’s Board of Directors. “We are confident that she will add great value to our Board of Directors and that Apollo will benefit from her insights, judgment and counsel.”
In addition to serving as CEO and president, Shimer served in various other leadership roles, including general manager at 3Com Corporation and product development at Motorola and AT&T Bell Laboratories. Shimer currently serves on the Board of Directors of Netgear, Halyard Health, and Windstream, and previously served on the Board of Directors of Earthlink.
Shimer has a master’s of science degree and a Ph.D. in electrical engineering from Lehigh University and a bachelor of science degree in physics from Rensselaer Polytechnic Institute.
Chairman Rich Meelia also stated, “On behalf of the board and the entire management team, I’d like to thank John Creecy for his many contributions and leadership. He has been a valuable member of the board in shaping Apollo’s strategy and vision and we thank him for his service.”
Apollo Endosurgery Inc. is a medical device company focused on less invasive therapies for the treatment of obesity, a condition facing over 600 million people globally, as well as other gastrointestinal conditions. Apollo’s device-based therapies are an alternative to invasive surgical procedures, thus lowering complication rates and reducing total healthcare costs. Apollo's products are offered in over 70 countries today and include the OverStitch Endoscopic Suturing System, the ORBERA Intragastric Balloon, and the LAP-BAND Adjustable Gastric Banding System.