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EDAP Appoints Medical Capital Equipment Finance Veteran as CFO of U.S. Subsidiary

December 07, 2022, 07:05 AM

EDAP TMS SA, a global provider of robotic energy-based therapies, announced the Company has hired medical capital equipment finance industry veteran Ken Mobeck as Chief Financial Officer of EDAP Technomed Inc., the Company’s U.S. subsidiary. During his extensive career, Mobeck has demonstrated significant leadership expertise in driving transformational business growth while establishing a track record of creating lasting shareholder value.

Marc Oczachowski, Chairman and Chief Executive Officer of EDAP TMS, said, “I am very pleased to welcome Ken onboard our U.S. subsidiary. Ken is a great addition to Ryan Rhodes’s leadership team and will be key to supporting the ongoing expansion of our U.S. organization and driving the continued strong growth of our business in the U.S.”

Ryan Rhodes, Chief Executive Officer of EDAP Technomed Inc., said, “Ken is the ideal candidate to be our subsidiary’s first CFO as we begin to significantly ramp up the business with the growth of our flagship Focal One Robotic HIFU platform. He brings over 25 years of financial leadership across all finance disciplines with extensive experience building strong relationships to drive operating results. His knowledge of capital equipment along with his medical device and investor relations experience at leading organizations, including Accuray, will be invaluable as we move forward.”

“EDAP Technomed Inc. is at a critical juncture in the organization’s growth. I’m looking forward to working with Ryan and the extended team to accelerate growth in our U.S. business and provide more patients with access to our precise, innovative Focal One robotic technology,” said Mobeck.

Prior to joining EDAP Technomed, Mobeck served as Vice President of Finance and Investor Relations at medical device manufacturer Accuray Incorporated, a radiation therapy company. During his tenure with the organization, he was responsible for driving key initiatives to improve the company’s operating performance. Prior to joining Accuray, he served as Vice President of Finance at optical networking leader Lumentum where he helped raise $900 million in debt financing to grow the business from $900 million to more than $1.6 billion in only three years. Before Lumentum, he spent over two decades in positions with increasing levels of responsibility at some of Silicon Valley’s most innovative companies including Silicon Graphics, Hewlett Packard, KLA and Intel Corporation, where he was involved in high scale growth, business transformation and mergers and acquisitions. Notably, while employed at KLA, he helped grow revenue from $1.3 billion to $2.7 billion over seven years.

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