by
Brendon Nafziger, DOTmed News Associate Editor | February 15, 2012
Timothy Marcotte is the new CEO (Credit: Zonare)
Ultrasound manufacturer Zonare Medical Systems Inc. said chief operating officer Timothy A. Marcotte is now in charge.
On Tuesday, the privately held Mountain View, Calif-based company said Marcotte, 54, was promoted to president and CEO. He replaces Jay Miller, who left for personal reasons in July, a company rep told DOTmed News in an e-mail.
Marcotte first joined Zonare in 2007 as its chief financial officer. Since August, he has served as COO and has been responsible for day-to-day operations at the company, Zonare said. Before coming to Zonare, Marcotte worked as CFO of VNUS Medical Technologies, which makes a varicose vein treatment system and was bought by Covidien in 2009. Marcotte joined VNUS in 2004, according to his LinkedIn page.
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Zonare makes the z.one ultrasound system, which was released in early 2007. In a statement, Marcotte said financially 2011 was a "record year" for the company, as revenue grew 20 percent over the previous year, and the company generated an operating profit in the fourth quarter. Revenue for 2011 exceeded $65 million, a company rep said.
