November 21, 2017 – Executive search firm Came | Sweeney has placed Michael K. McGarrity as chief executive officer of Sterilis LLC. He replaces Bob Winskowicz who stepped down last month and remains on the company’s board of directors. Managing partners Peter Sweeney and Paul Came led the assignment.
“The board of Sterilis had set a high bar for the new CEO they were seeking,” said Mr. Came. “They wanted a proven general manager who had demonstrated winning experience in the environments of both large and small biomedical companies, was successful at raising capital, growing the company and increasing its value, and successfully exiting at an attractive multiple. Mr. McGarrity had accomplished this and done so very well.”
Mr. McGarrity brings to Sterilis extensive operational and strategic experience in the healthcare, medical devices and diagnostics, and biotech industries. Most recently he was with Nanosphere, a nanotechnology-based molecular diagnostics company, where he served as vice president before being named CEO in 2013. In that job, he led an operational and strategic turnaround that resulted in the company’s sale to Luminex in 2016.
Prior to Nanosphere, Mr. McGarrity spent 13 years at Stryker Corporation in sales, marketing and operations. He led Stryker into markets such as post-operative pain management, surgical fluid waste management and interventional pain management. He also had executive general management responsibility for a newly created business unit that focused on interventional spine pain management.
“Bob Winskowicz and the dedicated and talented team at Sterilis have developed a highly disruptive approach to treating infectious medical waste at the point-of-care,” said Mr. McGarrity. “Sterilis’ compelling value proposition and broad customer base position the company to rapidly become a major player in the global RMW industry.”
“I would like to thank Bob Winskowicz and the board of directors for the confidence they have placed in me to lead the next phase of the company’s growth,” he said. “I am committed to building significant value for all of our stakeholders including customers, employees and shareholders.”
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Sterilis has developed a patented technology that converts regulated medical waste into harmless, confetti-like material that can be discarded with the regular trash. Its devices are American-made in Springfield, MA, and are in use at customer sites in healthcare, public safety (fire and police departments) and aviation.
Came | Sweeney is an executive recruiting firm focusing on identifying senior and mid-level executives in the bioscience, healthcare, consumer product, industrial product, private equity, and higher educational arenas. The partners of the firm have significant management experience in or with the industries its serves.
Mr. Came co-founded Came | Sweeney in 2002 after a long history in the executive recruiting business. He is primarily engaged in conducting senior managerial and leadership level assignments for universities, industrial manufacturers, not-for-profit organizations and healthcare companies. His clientele includes both emerging growth and Fortune 200 companies as well as small colleges, large universities and medical centers.
Mr. Sweeney, who is based in Chicago, is a co-founder of the firm. With more than 30 years of search and senior marketing experience, he has assisted a variety of publicly and privately held companies in recruiting executives to top-level general management and key line and staff positions. His search practice includes an emphasis on several areas: industrial (both discrete manufacturing and process industries), private equity, business services and digital commerce and media. Among his clients are emerging and growth companies like Littelfuse, Glencoe Capital, Quirky, Duro Bag, Madison Capital and National Materials, as well as respected global leaders like Stora Enso, Navistar, Danaher, IDEX, and Tootsie Roll.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Will Schatz, Managing Editor – Hunt Scanlon Media