UNION CITY, Calif., May 2, 2011 /PRNewswire/ — Abaxis, Inc.
(NasdaqGS: ABAX), a medical products company manufacturing
point-of-care blood analysis systems, today announced Vernon Altman
has been appointed to the Company’s Board of Directors, effective
immediately. The addition of Mr. Altman brings to seven the number
of members on the Abaxis board with six of those board members
Mr. Altman is Senior Advisor of Bain & Company, a leading
global business consulting firm. He serves clients on issues of
strategy, operations, technology, organization and mergers and
acquisitions. Mr. Altman joined the founding group to start
Bain in 1973.
Mr. Altman has experience in most important industries, with
particular emphasis on telecommunications / Media / Technology;
practices at Bain that he founded. He also founded Bain’s
Aerospace & Defense Practice and Full Potential Transformation
Practice, which assists companies in transforming and achieving
their full-potential. He also leads Bain’s CEO Coaching
Practice and formerly led its Partner Training Programs. Mr.
Altman founded Bain’s European, Japanese and U.S. West Coast
practices and has broad experience in strategy development and
implementation for U.S. and international corporations.
He is Chairman of the Board of Directors of Vobile, a company
focused on content protection and monetization for media companies
and other digital media stakeholders. He was also a Board
Member of Napster prior to its acquisition by Best Buy.
Mr. Altman earned Bachelors and Masters degrees in Electrical
Engineering from the Massachusetts Institute of Technology, and a
Masters in Management from MIT’s Sloan School.
Clint Severson, chairman and chief executive officer of Abaxis,
commented, “We are pleased to have Vernon Altman join the Abaxis
Board of Directors. Vernon has a vast array of experiences in many
different industry segments that w