Millar, Inc. Appoints Tim Daugherty as Next CEO

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Jul 05, 2016, 11:40 ET

HOUSTON, July 5, 2016 /PRNewswire/ -- Millar, Inc., a leader in catheter-based and wireless pressure sensing technology, today announced the appointment of Tim Daugherty as Chief Executive Officer and President. Tim Daugherty, who served as President, succeeded Craig Thummel, previous CEO and member of the Board of Directors, July 1, 2016.

Over the last 13 years, Tim Daugherty has been integral to achieving Millar's strategic goals in advancing product development within the clinical cardiovascular and telemetry markets. His role as President over the last year has proven his ability to translate vision and strategy into world-class execution and bring together global teams. His direction will serve the company well as Millar strives to enable new scientific discoveries and expand boundaries of medical understanding that improve patient outcomes around the world. Tim will continue to inspire, energize and connect with Millar employees, partners, customers and global leaders to develop a stronger, more strategically focused Millar.

Craig Thummel initially announced his 2016 retirement late last year and began establishing a "NEXTGEN PLAN" to equip the company for a seamless transition into its next chapter. He will continue in an advisory role through August 31, 2016.

"Craig deserves many thanks for his hard work in placing Millar on a solid path for the future. During his twelve years of leadership and guidance, Millar successfully navigated a series of critical challenges that tested both our resolve and our ability to meet customer needs, all while completely rebuilding the company's foundation. His steady hand in managing Millar was instrumental in getting us where we are today," stated Russell Millar, Chairman of the Board of Directors.

Millar looks forward to its next generation of leadership that will focus on growing the company through new product innovations, OEM opportunities, and worldwide collaboration.

About Millar, Inc.

Since 1969, Millar, Inc. has led the development of catheter-based, solid-state pressure sensors and is known worldwide as the leader in sensors that advance medical understanding. Today the company's pressure, PV loop and telemetry systems empower medical discovery in life sciences, while its Mikro-Cath^TM pressure catheter and the CD Leycom® Inca® PV loop system are used by physicians performing advanced cardiovascular diagnosis and medical research.

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SOURCE Millar, Inc.